Cemex S.A.B. de C.V. $CX Stock: Robeco Institutional Asset Management B.V. Boosts Stake

Robeco Institutional Asset Management B.V. grew its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,224,097 shares of the construction company’s stock after purchasing an additional 1,951,012 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 1.46% of Cemex worth $201,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in Cemex by 7.4% in the 1st quarter. Sei Investments Co. now owns 4,150,537 shares of the construction company’s stock valued at $47,482,000 after buying an additional 287,350 shares during the last quarter. Militia Capital Management LLC acquired a new stake in Cemex during the 1st quarter worth approximately $1,086,000. ABC Arbitrage SA acquired a new stake in Cemex during the 1st quarter worth approximately $13,425,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Cemex by 1,747.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,646,000 shares of the construction company’s stock worth $41,710,000 after acquiring an additional 3,448,600 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Cemex during the 2nd quarter worth approximately $683,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Scotiabank lifted their price target on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a report on Friday, August 21st. Royal Bank Of Canada reduced their price objective on shares of Cemex from $13.50 to $13.25 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Finally, Citigroup raised shares of Cemex from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $13.70 to $12.00 in a research note on Thursday, October 15th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.94.

Cemex Price Performance

Cemex stock opened at $10.27 on Wednesday. The stock’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. The firm has a market cap of $14.87 billion, a P/E ratio of 30.19 and a beta of 1.51. Cemex S.A.B. de C.V. has a one year low of $9.10 and a one year high of $13.67.

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

Cemex Announces Dividend

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

Insider Transactions 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 bought at an average cost of $17.28 per share, for a total transaction of $6,925,824.00. Following the completion of the transaction, the director directly owned 10,000,000 shares in the company, valued at $172,800,000. This represents a 4.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mauricio Doehner sold 927,900 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $9.57, for a total transaction of $8,880,003.00. Following the sale, the executive vice president owned 584,930 shares of the company’s stock, valued at approximately $5,597,780.10. This trade represents a 61.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company’s stock.

About Cemex

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.