ABN Amro Investment Solutions Sells 58,500 Shares of Cemex S.A.B. de C.V. $CX

ABN Amro Investment Solutions decreased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 73.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,901 shares of the construction company’s stock after selling 58,500 shares during the quarter. ABN Amro Investment Solutions’ holdings in Cemex were worth $188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Cemex by 334.7% during the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after purchasing an additional 7,075 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Cemex by 58.8% during the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock valued at $40,320,000 after buying an additional 2,661,030 shares during the period. Yousif Capital Management LLC increased its holdings in Cemex by 7.3% during the second quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock valued at $174,000 after buying an additional 1,710 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Cemex by 16.2% in the second quarter. Sequoia Financial Advisors LLC now owns 14,819 shares of the construction company’s stock worth $103,000 after acquiring an additional 2,068 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its stake in shares of Cemex by 2.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 79,800 shares of the construction company’s stock worth $553,000 after acquiring an additional 1,843 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Price Performance

Shares of NYSE:CX opened at $12.52 on Wednesday. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 0.85 and a beta of 1.61. The firm has a fifty day moving average price of $12.18 and a 200 day moving average price of $10.46. Cemex S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $13.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.62 and a current ratio of 0.83.

Cemex (NYSE:CX) last announced its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.01 billion. As a group, sell-side analysts expect that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were given a dividend of $0.0224 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, December 15th. Cemex’s dividend payout ratio is currently 13.64%.

Wall Street Analyst Weigh In

CX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Zacks Research cut Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Scotiabank increased their target price on shares of Cemex from $11.10 to $13.50 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Finally, HSBC downgraded shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price target on the stock. in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.04.

Cemex Company Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.