CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,644 shares of the construction company’s stock after acquiring an additional 24,199 shares during the quarter. Schechter Investment Advisors LLC’s holdings in CEMEX were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after buying an additional 7,986,204 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in CEMEX by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock worth $60,327,000 after buying an additional 807,394 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in CEMEX by 63.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock worth $32,927,000 after buying an additional 2,090,688 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in CEMEX by 46.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company’s stock worth $319,000 after buying an additional 16,585 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in CEMEX by 166.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock worth $24,873,000 after buying an additional 2,549,852 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Price Performance

Shares of NYSE:CX opened at $5.96 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The firm has a 50-day simple moving average of $6.00 and a 200 day simple moving average of $5.90. The company has a market cap of $8.63 billion, a PE ratio of 9.45 and a beta of 1.49.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a $0.0207 dividend. The ex-dividend date is Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is 9.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CX shares. Royal Bank of Canada boosted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group boosted their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.82.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.