CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 50.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,032 shares of the construction company’s stock after acquiring an additional 6,344 shares during the quarter. Vontobel Holding Ltd.’s holdings in CEMEX were worth $107,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of CEMEX in the third quarter valued at approximately $190,346,000. JPMorgan Chase & Co. grew its position in shares of CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after purchasing an additional 7,986,204 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of CEMEX by 166.9% in the third quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock valued at $24,873,000 after purchasing an additional 2,549,852 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of CEMEX by 63.2% in the third quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock valued at $32,927,000 after purchasing an additional 2,090,688 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of CEMEX in the third quarter valued at approximately $9,037,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Performance

Shares of CX stock opened at $6.54 on Friday. The stock’s 50-day moving average is $5.92 and its two-hundred day moving average is $5.91. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 10.37 and a beta of 1.49. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio is currently 9.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Barclays dropped their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.82.

CEMEX 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.