Envestnet Asset Management Inc. Has $4.04 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Envestnet Asset Management Inc. raised its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 716,800 shares of the construction company’s stock after purchasing an additional 46,330 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CEMEX were worth $4,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CX. IFP Advisors Inc raised its holdings in shares of CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after buying an additional 3,062 shares during the last quarter. Barclays PLC raised its stake in shares of CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of CEMEX during the fourth quarter worth approximately $63,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of CEMEX by 26.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of CEMEX during the fourth quarter valued at approximately $78,000. 82.97% of the stock is currently owned by institutional investors.

CEMEX Stock Up 2.7 %

Shares of NYSE:CX opened at $5.61 on Thursday. The company has a 50 day moving average price of $5.85 and a two-hundred day moving average price of $5.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $8.13 billion, a PE ratio of 8.90 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $8.31.

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

CEMEX Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on CX. Bradesco Corretora set a $7.50 price target on CEMEX and gave the company a “neutral” rating in a report on Tuesday, April 15th. The Goldman Sachs Group raised their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. Royal Bank of Canada reduced their price objective on shares of CEMEX from $6.00 to $5.00 and set an “underperform” rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com upgraded shares of CEMEX from a “hold” rating to a “buy” rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.63.

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.