CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 32.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,154,254 shares of the construction company’s stock after selling 1,050,812 shares during the period. Lazard Asset Management LLC owned 0.15% of CEMEX worth $19,409,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CX. CWM LLC raised its stake in shares of CEMEX by 75.0% in the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after purchasing an additional 1,506 shares in the last quarter. Blue Trust Inc. lifted its holdings in CEMEX by 65.0% during the 4th quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after buying an additional 2,062 shares during the last quarter. KCM Investment Advisors LLC acquired a new position in shares of CEMEX in the 1st quarter worth approximately $91,000. Fisher Asset Management LLC grew its position in shares of CEMEX by 3,180.2% in the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock worth $85,000 after acquiring an additional 10,590 shares in the last quarter. Finally, Prudent Man Advisors LLC acquired a new stake in shares of CEMEX during the 4th quarter valued at approximately $86,000. 82.97% of the stock is currently owned by institutional investors.

CEMEX Trading Up 0.8 %

Shares of NYSE:CX opened at $6.42 on Monday. The company has a 50 day moving average of $6.71 and a 200-day moving average of $7.64. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The firm has a market cap of $9.30 billion, a P/E ratio of 45.86 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a twelve month low of $5.67 and a twelve month high of $9.27.

CEMEX (NYSE:CX) last released its earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The firm had revenue of $4.14 billion during the quarter. During the same quarter last year, the company earned $0.15 earnings per share. As a group, analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.85 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were paid a $0.349 dividend. The ex-dividend date was Monday, June 17th. CEMEX’s dividend payout ratio is 14.29%.

Analyst Ratings Changes

A number of equities analysts have commented on CX shares. JPMorgan Chase & Co. decreased their price objective on shares of CEMEX from $9.50 to $8.50 and set an “overweight” rating for the company in a report on Monday, July 8th. Royal Bank of Canada assumed coverage on shares of CEMEX in a report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 price target for the company. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Bank of America downgraded CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group initiated coverage on CEMEX in a report on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.78.

CEMEX Company 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.