Deprince Race & Zollo Inc. Decreases Position in Cemex S.A.B. de C.V. $CX

Deprince Race & Zollo Inc. trimmed its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 14.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 946,291 shares of the construction company’s stock after selling 158,918 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.07% of Cemex worth $8,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC purchased a new stake in shares of Cemex during the 3rd quarter worth approximately $225,000. Blue Trust Inc. grew its position in shares of Cemex by 28.1% in the 3rd quarter. Blue Trust Inc. now owns 33,592 shares of the construction company’s stock valued at $302,000 after buying an additional 7,370 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cemex by 231.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 17,274 shares of the construction company’s stock worth $155,000 after acquiring an additional 12,064 shares in the last quarter. Intergy Private Wealth LLC lifted its position in Cemex by 31.2% in the third quarter. Intergy Private Wealth LLC now owns 14,303 shares of the construction company’s stock valued at $129,000 after acquiring an additional 3,403 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in Cemex by 0.7% in the third quarter. Perpetual Ltd now owns 9,201,553 shares of the construction company’s stock valued at $82,722,000 after acquiring an additional 61,633 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Stock Up 1.4%

Cemex stock opened at $12.01 on Monday. The stock has a 50 day moving average of $10.57 and a two-hundred day moving average of $9.16. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $12.04. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.28 and a beta of 1.61. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Cemex (NYSE:CX) last released its earnings results on Tuesday, October 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Cemex had a return on equity of 6.85% and a net margin of 8.62%.The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $226.73 million. As a group, research analysts expect that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a dividend of $0.0224 per share. The ex-dividend date was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. Cemex’s dividend payout ratio is presently 9.68%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. The Goldman Sachs Group raised their price objective on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Barclays lifted their price target on Cemex from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Scotiabank downgraded Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price objective for the company. in a report on Tuesday, October 21st. Finally, Bank of America raised shares of Cemex from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $10.80 in a report on Wednesday, October 15th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.14.

Cemex 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.