Boston Partners Invests $6.36 Million in Cemex S.A.B. de C.V. $CX

Key Points

• Boston Partners acquired 1,134,244 shares of Cemex S.A.B. de C.V., worth around $6.36 million, increasing their stake to 0.08% as of the latest quarter.
• Cemex's quarterly earnings surpassed expectations with an EPS of $0.23 compared to a consensus estimate of $0.18, although revenue for the quarter fell short at $4.13 billion.
• The company declared a quarterly dividend of $0.0224 per share, yielding an annualized dividend of $0.09, which reflects a low payout ratio of 7.84%.

Boston Partners acquired a new stake in Cemex S.A.B. de C.V. (NYSE:CX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,134,244 shares of the construction company's stock, valued at approximately $6,363,000. Boston Partners owned about 0.08% of Cemex as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Cemex in the first quarter valued at approximately $29,000. Barclays PLC lifted its holdings in Cemex by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock valued at $55,000 after acquiring an additional 3,510 shares during the last quarter. Townsquare Capital LLC acquired a new position in Cemex in the fourth quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new position in Cemex in the fourth quarter valued at approximately $59,000. Finally, Raiffeisen Bank International AG acquired a new position in Cemex in the fourth quarter valued at approximately $59,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Cemex Trading Up 2.0%

NYSE CX traded up $0.1750 on Friday, reaching $8.9650. The stock had a trading volume of 6,302,879 shares, compared to its average volume of 12,848,547. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.93 and a beta of 1.40. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. Cemex S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $9.04. The stock has a fifty day moving average price of $7.75 and a two-hundred day moving average price of $6.75.

Cemex (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Cemex had a return on equity of 6.89% and a net margin of 9.61%.The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.20 billion. As a group, sell-side analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0224 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.0%. Cemex's dividend payout ratio is currently 7.84%.

Analysts Set New Price Targets

CX has been the topic of a number of recent analyst reports. Itau BBA Securities cut Cemex from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price objective on Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Royal Bank Of Canada upped their price objective on Cemex from $5.00 to $5.25 and gave the company an "underperform" rating in a report on Tuesday, April 29th. Barclays boosted their target price on Cemex from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Cemex from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cemex currently has an average rating of "Hold" and an average price target of $7.91.

About Cemex

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.