Public Employees Retirement System of Ohio Buys Shares of 56,921 Cemex S.A.B. de C.V. $CX

Public Employees Retirement System of Ohio bought a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX) in the 2nd quarter, HoldingsChannel reports. The fund bought 56,921 shares of the construction company’s stock, valued at approximately $683,000.

A number of other institutional investors have also made changes to their positions in the stock. Schroder Investment Management Group raised its stake in shares of Cemex by 406.2% in the 4th quarter. Schroder Investment Management Group now owns 26,348,884 shares of the construction company’s stock valued at $302,749,000 after acquiring an additional 21,143,554 shares during the period. Wellington Management Group LLP boosted its position in shares of Cemex by 451.7% during the 3rd quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock worth $151,907,000 after purchasing an additional 13,834,438 shares during the period. Orbis Allan Gray Ltd increased its holdings in Cemex by 90.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock valued at $182,263,000 after purchasing an additional 12,469,417 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Cemex by 53.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 10,857,832 shares of the construction company’s stock valued at $125,392,000 after purchasing an additional 3,766,639 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Cemex by 1,747.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,646,000 shares of the construction company’s stock valued at $41,710,000 after purchasing an additional 3,448,600 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded Cemex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Friday, August 21st. Royal Bank Of Canada raised their target price on Cemex from $12.75 to $13.50 and gave the company a “sector perform” rating in a report on Friday, July 24th. Finally, Barclays lifted their target price on Cemex from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Cemex presently has an average rating of “Moderate Buy” and a consensus price target of $13.07.

Cemex Trading Down 1.0%

CX opened at $10.87 on Thursday. Cemex S.A.B. de C.V. has a 12 month low of $8.73 and a 12 month high of $13.67. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 31.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. The business has a fifty day moving average price of $11.63 and a 200 day moving average price of $11.91.

Cemex (NYSE:CX) last posted its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $4.59 billion for the quarter. Cemex had a return on equity of 3.82% and a net margin of 2.83%. Sell-side analysts expect that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

Cemex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be issued a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 15th. Cemex’s dividend payout ratio (DPR) is presently 35.29%.

Insider Buying and Selling at Cemex

In other news, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of Cemex stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the completion of the sale, the vice president directly owned 289,490 shares of the company’s stock, valued at approximately $3,091,753.20. The trade was a 42.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Cemex Company Profile

CEMEX, SAB. de C.V. (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. Its primary businesses include the production, distribution and sale of cement, ready-mix concrete and aggregates, which are used in residential, commercial and infrastructure construction.

The company also provides urbanization and building solutions, including paving materials, concrete products and related services intended to support construction projects from planning through completion.