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

Robeco Institutional Asset Management B.V. decreased its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 36.7% during the 4th quarter, HoldingsChannel reports. The institutional investor 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.’s holdings in CEMEX were worth $35,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CX. Barclays PLC increased its holdings in shares of CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after acquiring an additional 1,843 shares during the period. Allworth Financial LP grew its position in CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,747 shares during the last quarter. Aureus Asset Management LLC acquired a new position in CEMEX in the third quarter valued at $70,000. Vontobel Holding Ltd. purchased a new stake in shares of CEMEX in the third quarter valued at about $77,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of CEMEX during the third quarter worth about $87,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays reduced their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada cut shares of CEMEX from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, December 11th. StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. 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. Finally, JPMorgan Chase & Co. downgraded shares of CEMEX from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.65.

CEMEX Stock Performance

NYSE:CX opened at $6.06 on Friday. The firm’s fifty day simple moving average is $5.64 and its 200-day simple moving average is $5.90. 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 $8.77 billion, a PE ratio of 20.18 and a beta of 1.49. 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 Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Shareholders 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 dividend payout ratio (DPR) is presently 20.00%.

About CEMEX

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.