Cemex S.A.B. de C.V. (NYSE:CX) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,394,205 shares of the construction company's stock after acquiring an additional 136,923 shares during the period. Robeco Institutional Asset Management B.V. owned 0.44% of Cemex worth $35,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Dodge & Cox boosted its stake in shares of Cemex by 7,200.6% during the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock worth $279,868,000 after purchasing an additional 48,942,309 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Cemex by 30.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock worth $229,806,000 after purchasing an additional 9,541,622 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Cemex by 3.2% during the 4th quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company's stock worth $207,757,000 after purchasing an additional 1,127,293 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Cemex by 745.6% during the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after purchasing an additional 23,576,914 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of Cemex by 33.7% during the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock worth $136,679,000 after purchasing an additional 6,110,857 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Cemex from a "hold" rating to a "buy" rating in a research note on Saturday, May 3rd. JPMorgan Chase & Co. raised their price target on shares of Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Morgan Stanley cut shares of Cemex from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Itau BBA Securities cut shares of Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Finally, Bradesco Corretora set a $7.50 target price on shares of Cemex and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.58.

Cemex Trading Down 0.4%

Shares of CX traded down $0.03 during mid-day trading on Friday, hitting $6.81. The company had a trading volume of 8,300,801 shares, compared to its average volume of 11,938,667. The business's 50-day simple moving average is $6.63 and its 200-day simple moving average is $6.12. The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $7.34. The stock has a market cap of $9.86 billion, a PE ratio of 7.09, a P/E/G ratio of 1.13 and a beta of 1.40.

Cemex (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The firm had revenue of $186.46 million for the quarter, compared to analysts' expectations of $214.59 million. Cemex had a net margin of 8.84% and a return on equity of 6.47%. Sell-side analysts forecast that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders 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 yield of 1.32%. Cemex's dividend payout ratio (DPR) is 8.33%.

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.