Robeco Institutional Asset Management B.V. Acquires 807,394 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Robeco Institutional Asset Management B.V. raised its position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,889,608 shares of the construction company's stock after purchasing an additional 807,394 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.68% of CEMEX worth $60,327,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of CEMEX by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company's stock valued at $33,858,000 after acquiring an additional 146,327 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of CEMEX by 25.9% during the 1st quarter. BNP Paribas Financial Markets now owns 1,296,403 shares of the construction company's stock worth $11,681,000 after purchasing an additional 267,074 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of CEMEX during the 2nd quarter worth approximately $776,000. Quadrature Capital Ltd acquired a new stake in shares of CEMEX in the 1st quarter valued at approximately $1,090,000. Finally, Seven Eight Capital LP grew its stake in shares of CEMEX by 227.7% in the first quarter. Seven Eight Capital LP now owns 126,909 shares of the construction company's stock valued at $1,143,000 after buying an additional 88,184 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Stock Performance

NYSE:CX traded up $0.13 during mid-day trading on Tuesday, hitting $5.30. 12,487,360 shares of the stock were exchanged, compared to its average volume of 8,576,431. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. The firm's 50-day simple moving average is $5.94 and its 200 day simple moving average is $6.58. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.16 and a fifty-two week high of $9.27. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 17.33 and a beta of 1.49.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were paid a $0.021 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX's dividend payout ratio (DPR) is presently 13.33%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CX shares. The Goldman Sachs Group assumed coverage on shares of CEMEX in a research note on Wednesday, July 10th. They issued a "buy" rating and a $9.00 price target for the company. JPMorgan Chase & Co. downgraded shares of CEMEX from an "overweight" rating to a "neutral" rating and cut their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. StockNews.com downgraded CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 11th. Scotiabank cut their price objective on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their target price on CEMEX from $6.50 to $6.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, CEMEX presently has an average rating of "Moderate Buy" and a consensus price target of $7.82.

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.