Schroder Investment Management Group Increases Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Schroder Investment Management Group increased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 745.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,739,107 shares of the construction company’s stock after purchasing an additional 23,576,914 shares during the quarter. Schroder Investment Management Group owned 1.85% of CEMEX worth $150,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CX. Ramirez Asset Management Inc. grew its position in CEMEX by 6.3% during the 4th quarter. Ramirez Asset Management Inc. now owns 799,917 shares of the construction company’s stock valued at $4,512,000 after purchasing an additional 47,718 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in CEMEX by 38.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 20,854 shares of the construction company’s stock worth $118,000 after buying an additional 5,767 shares in the last quarter. Carrhae Capital LLP boosted its position in shares of CEMEX by 18.8% in the fourth quarter. Carrhae Capital LLP now owns 2,215,050 shares of the construction company’s stock worth $12,493,000 after purchasing an additional 350,400 shares during the period. Walnut Level Capital LLC purchased a new stake in CEMEX in the 4th quarter worth $423,000. Finally, Vanguard Group Inc. grew its position in shares of CEMEX by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company’s stock worth $21,790,000 after purchasing an additional 53,269 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Price Performance

Shares of NYSE CX opened at $5.67 on Monday. The firm has a market cap of $8.21 billion, a PE ratio of 8.99 and a beta of 1.45. The firm has a fifty day moving average of $6.17 and a 200 day moving average of $5.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio is currently 12.70%.

Analyst Ratings Changes

Several research analysts have commented on CX shares. Morgan Stanley downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 26th. The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada upped their price target on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.82.

CEMEX Profile

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.