Boston Partners acquired a new position in Cemex S.A.B. de C.V. (NYSE:CX) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,994,878 shares of the construction company’s stock, valued at approximately $131,831,000.

A number of other large investors also recently modified their holdings of CX. Renaissance Technologies LLC bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth approximately $60,059,000. Acadian Asset Management LLC raised its stake in shares of Cemex S.A.B. de C.V. by 28.5% in the first quarter. Acadian Asset Management LLC now owns 26,820,522 shares of the construction company’s stock worth $243,261,000 after buying an additional 5,949,676 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth approximately $26,588,000. AQR Capital Management LLC raised its stake in shares of Cemex S.A.B. de C.V. by 33.4% in the first quarter. AQR Capital Management LLC now owns 6,932,586 shares of the construction company’s stock worth $62,879,000 after buying an additional 1,735,875 shares in the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth approximately $9,144,000. 39.13% of the stock is currently owned by hedge funds and other institutional investors.

Cemex S.A.B. de C.V. (CX) opened at 9.22 on Friday. The company has a market cap of $138.29 billion, a price-to-earnings ratio of 118.21 and a beta of 1.34. Cemex S.A.B. de C.V. has a 1-year low of $6.91 and a 1-year high of $10.37. The company’s 50-day moving average is $9.75 and its 200 day moving average is $8.95.

Cemex S.A.B. de C.V. (NYSE:CX) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. On average, equities analysts predict that Cemex S.A.B. de C.V. will post $0.58 EPS for the current fiscal year.

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Several research analysts have recently issued reports on the stock. UBS AG raised shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Berenberg Bank reaffirmed a “hold” rating and issued a $8.40 target price on shares of Cemex S.A.B. de C.V. in a research note on Thursday, July 27th. BidaskClub lowered shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup Inc. lowered shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price on the stock. in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.63.

Cemex S.A.B. de C.V. Company Profile

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

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