State Street Corp Reduces Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

State Street Corp decreased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,709,843 shares of the construction company’s stock after selling 70,418 shares during the quarter. State Street Corp’s holdings in CEMEX were worth $10,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of CEMEX during the second quarter valued at $33,000. Allworth Financial LP boosted its holdings in shares of CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the last quarter. Aureus Asset Management LLC bought a new stake in CEMEX in the third quarter worth $70,000. Vontobel Holding Ltd. bought a new position in CEMEX in the 3rd quarter valued at $77,000. Finally, Thoroughbred Financial Services LLC bought a new stake in CEMEX during the 2nd quarter valued at $81,000. 82.97% of the stock is owned by institutional investors.

CEMEX Price Performance

Shares of NYSE:CX opened at $5.70 on Friday. 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 company has a market cap of $8.26 billion, a PE ratio of 19.00 and a beta of 1.50. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $5.61 and a 200 day simple moving average of $6.04.

CEMEX Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX’s payout ratio is 20.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada cut CEMEX from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from $6.00 to $5.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Scotiabank decreased their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays reduced their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.65.

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.