PEAK6 LLC Acquires 338,413 Shares of Cemex S.A.B. de C.V. $CX

PEAK6 LLC boosted its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 54.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 954,281 shares of the construction company’s stock after buying an additional 338,413 shares during the period. PEAK6 LLC owned approximately 0.07% of Cemex worth $10,965,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in Cemex by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock worth $193,000 after buying an additional 913 shares during the period. Ameriprise Financial Inc. increased its position in Cemex by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock worth $2,875,000 after buying an additional 1,221 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Cemex by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock worth $329,000 after buying an additional 1,288 shares during the period. Ieq Capital LLC increased its position in Cemex by 7.6% in the 4th quarter. Ieq Capital LLC now owns 19,598 shares of the construction company’s stock worth $225,000 after buying an additional 1,380 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in Cemex by 3.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock worth $387,000 after buying an additional 1,389 shares during the period. 82.97% of the stock is owned by institutional investors.

Cemex Stock Performance

CX opened at $12.90 on Tuesday. The stock has a market cap of $18.68 billion, a PE ratio of 40.30 and a beta of 1.51. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. Cemex S.A.B. de C.V. has a 1 year low of $6.63 and a 1 year high of $13.67. The stock’s 50 day simple moving average is $12.46 and its 200-day simple moving average is $11.99.

Cemex (NYSE:CX) last released its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Sell-side analysts forecast that Cemex S.A.B. de C.V. will post 0.91 EPS for the current year.

Cemex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Wednesday, June 17th will be paid a $0.0312 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.12 annualized dividend and a yield of 1.0%. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s payout ratio is presently 28.13%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CX. Santander raised Cemex to an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Scotiabank boosted their price objective on Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a research report on Friday, April 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 price objective on shares of Cemex in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cemex currently has an average rating of “Moderate Buy” and an average price target of $12.77.

Insider Buying and Selling

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the sale, the insider owned 846,010 shares of the company’s stock, valued at $10,287,481.60. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

About Cemex

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.