CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Allworth Financial LP raised its position 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 purchasing an additional 1,747 shares during the period. Barclays PLC lifted its position in CEMEX by 41.8% in the third 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. Legacy Wealth Asset Management LLC increased its position in shares of CEMEX by 3.6% during the third quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock valued at $463,000 after acquiring an additional 2,654 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock valued at $164,000 after acquiring an additional 3,441 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of CEMEX by 14.5% in the 3rd quarter. Ballentine Partners LLC now owns 29,736 shares of the construction company’s stock worth $181,000 after acquiring an additional 3,777 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

Shares of CX stock opened at $6.06 on Friday. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.77 billion, a P/E ratio of 20.18 and a beta of 1.49. The firm has a fifty day moving average price of $5.64 and a 200 day moving average price of $5.90.

CEMEX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CX. Royal Bank of Canada lowered CEMEX from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th. Barclays reduced their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Scotiabank reduced their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a report on Tuesday, October 29th. StockNews.com downgraded 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 CEMEX from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CEMEX presently has an average rating of “Hold” and an average target price of $7.65.

CEMEX Company 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.