BNP Paribas Financial Markets Acquires 124,420 Shares of Cemex S.A.B. de C.V. $CX

BNP Paribas Financial Markets raised its position in Cemex S.A.B. de C.V. (NYSE:CX) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,136,409 shares of the construction company’s stock after purchasing an additional 124,420 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cemex were worth $47,527,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CX. Wellington Management Group LLP grew its holdings in shares of Cemex by 451.7% during the third quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock worth $151,907,000 after purchasing an additional 13,834,438 shares during the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of Cemex by 90.2% during the second quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock worth $182,263,000 after purchasing an additional 12,469,417 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Cemex during the third quarter worth about $48,699,000. Goldman Sachs Group Inc. grew its holdings in shares of Cemex by 58.8% during the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after purchasing an additional 2,661,030 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Cemex by 247.9% during the second quarter. Man Group plc now owns 3,319,643 shares of the construction company’s stock worth $23,005,000 after purchasing an additional 2,365,418 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Cemex

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total transaction of $425,600.00. Following the sale, the insider owned 846,010 shares in the company, valued at $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Cemex Price Performance

Shares of CX opened at $13.10 on Wednesday. Cemex S.A.B. de C.V. has a 1 year low of $6.63 and a 1 year high of $13.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 40.92 and a beta of 1.51. The business has a 50-day moving average of $12.13 and a 200-day moving average of $11.83.

Cemex (NYSE:CX) last issued its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. As a group, equities research analysts anticipate that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price target on the stock in a report on Monday, March 23rd. Barclays restated an “overweight” rating on shares of Cemex in a report on Thursday, March 12th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Scotiabank boosted their price target on Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a report on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.77.

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.