UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New $190.35 Million Investment in CEMEX, S.A.B. de C.V. (NYSE:CX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,204,197 shares of the construction company's stock, valued at approximately $190,346,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.15% of CEMEX as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in CEMEX by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company's stock worth $127,697,000 after buying an additional 112,479 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of CEMEX by 28.4% during the 2nd quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company's stock worth $121,113,000 after purchasing an additional 4,217,562 shares during the last quarter. RWC Asset Advisors US LLC increased its stake in shares of CEMEX by 32.3% during the 2nd quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company's stock worth $99,398,000 after purchasing an additional 3,796,262 shares during the last quarter. Perpetual Ltd increased its stake in shares of CEMEX by 12.6% during the 3rd quarter. Perpetual Ltd now owns 10,014,640 shares of the construction company's stock worth $61,089,000 after purchasing an additional 1,117,379 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of CEMEX by 8.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company's stock worth $60,327,000 after purchasing an additional 807,394 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Stock Performance

NYSE CX traded up $0.14 during midday trading on Friday, hitting $5.57. The company had a trading volume of 4,607,724 shares, compared to its average volume of 10,737,227. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 18.57 and a beta of 1.49. The firm has a fifty day simple moving average of $5.76 and a two-hundred day simple moving average of $6.26. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27.

CEMEX Cuts Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Royal Bank of Canada dropped their price target on shares of CEMEX from $6.50 to $6.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 29th. Barclays dropped their price target on shares of CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Scotiabank dropped their price target on shares of CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research note on Tuesday, October 29th. StockNews.com lowered shares of CEMEX from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.