Robeco Institutional Asset Management B.V. Has $35.87 Million Stake in Cemex S.A.B. de C.V. (NYSE:CX)

Robeco Institutional Asset Management B.V. lifted its position in shares of 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 disclosure with the Securities and Exchange Commission. The firm owned 6,394,205 shares of the construction company's stock after purchasing 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 also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in Cemex by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after acquiring an additional 3,062 shares in the last quarter. Barclays PLC increased its position in shares of Cemex by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after purchasing an additional 3,510 shares during the period. Townsquare Capital LLC bought a new stake in Cemex during the fourth quarter worth about $57,000. Dark Forest Capital Management LP acquired a new position in shares of Cemex in the 4th quarter valued at approximately $59,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Cemex during the 4th quarter worth approximately $59,000. Institutional investors own 82.97% of the company's stock.

Cemex Trading Up 2.5%

Shares of CX stock traded up $0.17 during trading hours on Tuesday, hitting $7.10. 13,155,043 shares of the company's stock traded hands, compared to its average volume of 12,010,355. The stock has a market cap of $10.29 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The stock's 50 day simple moving average is $6.69 and its 200 day simple moving average is $6.14. 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 12 month low of $4.89 and a 12 month high of $7.34.

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

Cemex Announces Dividend

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 1.26%. Cemex's dividend payout ratio (DPR) is 8.33%.

Analysts Set New Price Targets

CX has been the topic of a number of recent analyst reports. Bradesco Corretora set a $7.50 price objective on shares of Cemex and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Royal Bank Of Canada raised their price target on shares of Cemex from $5.00 to $5.25 and gave the company an "underperform" 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. JPMorgan Chase & Co. increased their price target on Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Finally, Itau BBA Securities lowered Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.58.

Cemex 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.