Robeco Institutional Asset Management B.V. Sells 3,632,326 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Robeco Institutional Asset Management B.V. lowered its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,257,282 shares of the construction company's stock after selling 3,632,326 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.43% of CEMEX worth $35,291,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CX. Barclays PLC boosted its position in CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after buying an additional 1,843 shares during the last quarter. Allworth Financial LP boosted its holdings in CEMEX by 36.0% in the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock valued at $40,000 after acquiring an additional 1,747 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in CEMEX in the third quarter worth about $70,000. Vontobel Holding Ltd. bought a new stake in CEMEX during the 3rd quarter worth about $77,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in CEMEX during the 3rd quarter valued at about $87,000. Institutional investors own 82.97% of the company's stock.

CEMEX Stock Up 2.3 %

Shares of CX traded up $0.14 during midday trading on Monday, hitting $6.07. The stock had a trading volume of 11,847,694 shares, compared to its average volume of 10,006,664. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 20.28 and a beta of 1.49. The company has a 50 day simple moving average of $5.65 and a two-hundred day simple moving average of $5.88. CEMEX, S.A.B. de C.V. has a twelve month low of $5.00 and a twelve month high of $9.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73.

CEMEX Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX's dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com cut CEMEX from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 11th. JPMorgan Chase & Co. downgraded shares of CEMEX from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Scotiabank decreased their price target on shares of CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a report on Tuesday, October 29th. Barclays lowered their price objective on shares of CEMEX from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada cut CEMEX from a "sector perform" rating to an "underperform" rating and decreased their target price for the company from $6.00 to $5.00 in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.65.

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.