Public Employees Retirement System of Ohio Sells 1,166,307 Shares of Cemex S.A.B. de C.V. $CX

Public Employees Retirement System of Ohio decreased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 95.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 56,921 shares of the construction company’s stock after selling 1,166,307 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cemex were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CX. NFSG Corp grew its holdings in Cemex by 123.5% during the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock worth $33,000 after acquiring an additional 1,579 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Cemex in the 4th quarter valued at about $34,000. WealthCollab LLC boosted its position in shares of Cemex by 73.7% during the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after purchasing an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Militia Capital Partners LP acquired a new stake in Cemex during the second quarter worth approximately $46,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Scotiabank boosted their price target on Cemex from $14.10 to $14.50 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on shares of Cemex from $12.75 to $13.50 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Santander upgraded shares of Cemex to an “outperform” rating in a report on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cemex currently has a consensus rating of “Moderate Buy” and an average price target of $13.07.

Cemex Trading Down 2.1%

Shares of Cemex stock opened at $11.60 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.92. Cemex S.A.B. de C.V. has a 52 week low of $8.18 and a 52 week high of $13.67. The stock has a 50 day moving average price of $12.46 and a two-hundred day moving average price of $12.21. The stock has a market capitalization of $16.80 billion, a PE ratio of 34.10 and a beta of 1.53.

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

Cemex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.0312 per share. This is a boost from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, June 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. Cemex’s dividend payout ratio (DPR) is presently 35.29%.

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.