Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Cemex S.A.B. de C.V. $CX

Key Points

• Robeco Institutional Asset Management raised its stake in Cemex by 18.9% in Q4 to 12,328,806 shares (an additional 1,962,140 shares), representing about 0.85% of the company and valued at roughly $141.7 million.
• Analyst sentiment is mixed: the consensus rating is a "Hold" with an average price target of $11.40 (six Buy, six Hold, one Sell), though recent upgrades include Morgan Stanley to Overweight ($14.00) and Scotiabank to Outperform ($14.10).
• Cemex missed Q4 EPS expectations (reported -$0.19 vs. $0.19 consensus) despite a revenue beat ($4.18B vs. $4.01B), and the company raised its quarterly dividend to $0.0225 (annualized $0.09, ~0.8% yield).

Robeco Institutional Asset Management B.V. raised its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 18.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,328,806 shares of the construction company's stock after purchasing an additional 1,962,140 shares during the period. Robeco Institutional Asset Management B.V. owned 0.85% of Cemex worth $141,658,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Ritholtz Wealth Management increased its position in Cemex by 11.2% during the 4th quarter. Ritholtz Wealth Management now owns 281,660 shares of the construction company's stock valued at $3,236,000 after purchasing an additional 28,366 shares during the period. Diversify Advisory Services LLC increased its position in Cemex by 9.1% during the 4th quarter. Diversify Advisory Services LLC now owns 49,246 shares of the construction company's stock valued at $615,000 after purchasing an additional 4,123 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Cemex during the 4th quarter valued at about $15,753,000. Intergy Private Wealth LLC increased its position in Cemex by 12.3% during the 4th quarter. Intergy Private Wealth LLC now owns 16,063 shares of the construction company's stock valued at $185,000 after purchasing an additional 1,760 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in Cemex during the 4th quarter valued at about $143,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

CX has been the topic of a number of research reports. Scotiabank reissued an "outperform" rating and set a $14.10 target price on shares of Cemex in a research report on Friday. Morgan Stanley raised shares of Cemex from an "equal weight" rating to an "overweight" rating and set a $14.00 price objective on the stock in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cemex in a research report on Wednesday, January 21st. Barclays reaffirmed an "overweight" rating on shares of Cemex in a research report on Thursday, March 12th. Finally, Zacks Research downgraded shares of Cemex from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 9th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cemex presently has an average rating of "Hold" and a consensus price target of $11.40.

Cemex Stock Up 0.0%

Shares of Cemex stock opened at $11.93 on Monday. The firm's 50 day moving average price is $11.66 and its 200-day moving average price is $11.10. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Cemex S.A.B. de C.V. has a 52-week low of $4.97 and a 52-week high of $13.35. The company has a market cap of $17.28 billion, a P/E ratio of 18.07 and a beta of 1.60.

Cemex (NYSE:CX - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The firm had revenue of $4.18 billion during the quarter, compared to analysts' expectations of $4.01 billion. On average, sell-side analysts predict that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 11th were paid a $0.0225 dividend. This is a boost from Cemex's previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, March 11th. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. Cemex's dividend payout ratio (DPR) is 13.64%.

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.

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