Boston Partners Takes $5.52 Million Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Boston Partners acquired a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 712,605 shares of the construction company's stock, valued at approximately $5,523,000.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of CEMEX by 675.0% during the 4th quarter. International Assets Investment Management LLC now owns 447,766 shares of the construction company's stock worth $34,700,000 after buying an additional 389,990 shares in the last quarter. American Century Companies Inc. grew its holdings in CEMEX by 3.4% in the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company's stock worth $63,341,000 after purchasing an additional 318,541 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in CEMEX in the fourth quarter valued at $2,227,000. Hosking Partners LLP increased its stake in CEMEX by 2.4% in the third quarter. Hosking Partners LLP now owns 4,143,236 shares of the construction company's stock valued at $26,931,000 after purchasing an additional 95,750 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of CEMEX during the third quarter valued at about $1,637,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

CX has been the subject of a number of research analyst reports. Barclays lowered CEMEX from an "overweight" rating to an "equal weight" rating and set a $9.00 target price for the company. in a research report on Friday, February 9th. The Goldman Sachs Group increased their target price on CEMEX from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Bank of America lowered shares of CEMEX from a "buy" rating to a "neutral" rating and set a $9.00 price target for the company. in a research note on Wednesday, April 24th. Royal Bank of Canada assumed coverage on shares of CEMEX in a research note on Tuesday. They issued an "underperform" rating and a $9.00 price objective on the stock. Finally, StockNews.com raised shares of CEMEX from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.46.

CEMEX Stock Down 0.7 %

CX traded down $0.05 during mid-day trading on Friday, reaching $7.79. 2,751,163 shares of the stock were exchanged, compared to its average volume of 6,489,324. The company has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $7.81. The stock has a market capitalization of $11.28 billion, a PE ratio of 55.61, a price-to-earnings-growth ratio of 0.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. CEMEX, S.A.B. de C.V. has a 1 year low of $5.67 and a 1 year high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The business had revenue of $4.14 billion during the quarter. During the same period in the previous year, the company posted $0.15 earnings per share. As a group, research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.88 EPS for the current year.

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.