CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,745,819 shares of the construction company's stock after acquiring an additional 9,541,622 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.81% of CEMEX worth $229,806,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of 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 during the last quarter. Barclays PLC boosted its holdings in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares during the period. Townsquare Capital LLC bought a new stake in CEMEX during the fourth quarter valued at $57,000. Dark Forest Capital Management LP acquired a new stake in shares of CEMEX during the fourth quarter worth $59,000. Finally, Raiffeisen Bank International AG bought a new position in shares of CEMEX in the 4th quarter worth about $59,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada boosted their price target on shares of CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a research report on Tuesday, April 29th. The Goldman Sachs Group increased their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wall Street Zen upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, JPMorgan Chase & Co. upped their target price on CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.58.

CEMEX Price Performance

Shares of NYSE CX traded up $0.09 during midday trading on Tuesday, reaching $7.22. The company's stock had a trading volume of 14,522,978 shares, compared to its average volume of 13,093,594. CEMEX, S.A.B. de C.V. has a one year low of $4.89 and a one year high of $7.73. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 11.44 and a beta of 1.41. The company has a 50 day moving average price of $5.98 and a 200 day moving average price of $5.91. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The company had revenue of $186.46 million during the quarter, compared to the consensus estimate of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date was Monday, March 10th. 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.