UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 9,541,622 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities and 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 approximately 2.81% of CEMEX worth $229,806,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after buying an additional 3,062 shares during the period. Natixis Advisors LLC increased its position in shares of CEMEX by 13.6% during the fourth quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock valued at $2,023,000 after buying an additional 43,089 shares during the period. Vanguard Group Inc. increased its position in shares of CEMEX by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock valued at $21,790,000 after buying an additional 53,269 shares during the period. QRG Capital Management Inc. increased its position in shares of CEMEX by 30.5% during the fourth quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock valued at $174,000 after buying an additional 7,232 shares during the period. Finally, Franklin Resources Inc. purchased a new position in shares of CEMEX during the fourth quarter valued at about $63,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

CX has been the topic of several research analyst reports. Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group boosted their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. JPMorgan Chase & Co. boosted their price target on shares of CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, CEMEX presently has a consensus rating of "Hold" and a consensus target price of $7.58.

CEMEX Stock Down 1.0%

Shares of NYSE CX traded down $0.07 during midday trading on Wednesday, hitting $7.12. The stock had a trading volume of 4,810,296 shares, compared to its average volume of 11,547,635. The business's 50 day moving average is $6.00 and its 200-day moving average is $5.92. The company has a market cap of $10.31 billion, a P/E ratio of 11.31 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $7.73. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts predict 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 dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend 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.