Cemex S.A.B. de C.V. $CX Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 10.1% during the third quarter, Holdings Channel reports. The firm owned 21,224,097 shares of the construction company’s stock after acquiring an additional 1,951,012 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cemex were worth $201,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Advisory Services LLC grew its stake in Cemex by 12.2% during the third quarter. Diversify Advisory Services LLC now owns 227,937 shares of the construction company’s stock worth $2,293,000 after purchasing an additional 24,797 shares during the period. Sax Wealth Advisors LLC increased its holdings in Cemex by 20.7% in the third quarter. Sax Wealth Advisors LLC now owns 17,006 shares of the construction company’s stock worth $162,000 after purchasing an additional 2,915 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Cemex in the second quarter worth approximately $683,000. Charles Schwab Trust Co acquired a new position in Cemex in the second quarter valued at approximately $132,000. Finally, Contravisory Investment Management Inc. acquired a new position in Cemex in the second quarter valued at approximately $277,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their price target on Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Cemex from $13.50 to $13.25 and set a “sector perform” rating for the company in a research note on Friday, October 9th. Scotiabank lifted their price objective on shares of Cemex from $14.10 to $14.50 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Citigroup upgraded shares of Cemex from a “neutral” rating to a “buy” rating and dropped their target price for the company from $13.70 to $12.00 in a research report on Thursday, October 15th. Finally, Wall Street Zen downgraded shares of Cemex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.94.

Cemex Price Performance

CX stock opened at $10.27 on Wednesday. The stock has a market capitalization of $14.87 billion, a PE ratio of 30.19 and a beta of 1.51. The company’s 50-day moving average is $10.32 and its 200-day moving average is $11.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. Cemex S.A.B. de C.V. has a 1 year low of $9.10 and a 1 year high of $13.67.

Cemex (NYSE:CX) last posted its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share for the quarter. Cemex had a return on equity of 3.82% and a net margin of 2.83%. The business had revenue of $4.59 billion for the quarter. Equities research analysts expect that Cemex S.A.B. de C.V. will post 0.89 EPS for the current fiscal year.

Cemex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were paid a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Cemex’s dividend payout ratio (DPR) is 35.29%.

Insider Buying and Selling at Cemex

In other news, Director Zambrano Lozano acquired 400,800 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was purchased at an average price of $17.28 per share, for a total transaction of $6,925,824.00. Following the completion of the acquisition, the director directly owned 10,000,000 shares in the company, valued at $172,800,000. The trade was a 4.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mauricio Doehner sold 927,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $9.57, for a total value of $8,880,003.00. Following the transaction, the executive vice president directly owned 584,930 shares in the company, valued at $5,597,780.10. The trade was a 61.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Cemex Company Profile

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.