Robeco Institutional Asset Management B.V. Grows Stock Position in Cemex S.A.B. de C.V. $CX

Robeco Institutional Asset Management B.V. raised its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,727,119 shares of the construction company’s stock after acquiring an additional 332,914 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.46% of Cemex worth $46,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CX. Squarepoint Ops LLC bought a new position in Cemex in the 4th quarter valued at $175,000. GAMMA Investing LLC grew its position in Cemex by 1,188.4% in the 1st quarter. GAMMA Investing LLC now owns 21,155 shares of the construction company’s stock valued at $119,000 after acquiring an additional 19,513 shares during the last quarter. NBC Securities Inc. grew its position in Cemex by 111,708.6% in the 1st quarter. NBC Securities Inc. now owns 64,849 shares of the construction company’s stock valued at $363,000 after acquiring an additional 64,791 shares during the last quarter. Ritholtz Wealth Management grew its position in Cemex by 12.2% in the 1st quarter. Ritholtz Wealth Management now owns 162,526 shares of the construction company’s stock valued at $912,000 after acquiring an additional 17,705 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Cemex by 11.2% in the 1st quarter. QRG Capital Management Inc. now owns 34,389 shares of the construction company’s stock valued at $193,000 after acquiring an additional 3,452 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Cemex Trading Down 0.1%

Shares of NYSE CX opened at $9.06 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.61. The stock has a market capitalization of $13.12 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.51. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $9.61. The business has a fifty day moving average price of $8.94 and a 200 day moving average price of $7.35.

Cemex (NYSE:CX) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Cemex had a return on equity of 6.89% and a net margin of 9.61%. Equities research analysts expect that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 17th were paid a dividend of $0.0224 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, September 17th. Cemex’s dividend payout ratio is 8.82%.

Wall Street Analyst Weigh In

CX has been the topic of several research analyst reports. Bank of America upped their price objective on Cemex from $8.60 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a report on Saturday, September 27th. JPMorgan Chase & Co. upgraded Cemex from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $8.10 to $10.50 in a report on Tuesday, August 26th. Scotiabank reiterated an “outperform” rating on shares of Cemex in a report on Tuesday, September 2nd. Finally, Barclays upped their target price on Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.02.

Cemex Company 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.