Banco Santander S.A. Takes Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Banco Santander S.A. bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,900 shares of the construction company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of CEMEX by 123.7% in the 3rd 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 during the last quarter. Loomis Sayles & Co. L P raised its stake in CEMEX by 63.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock valued at $32,927,000 after acquiring an additional 2,090,688 shares during the last quarter. Sanctuary Advisors LLC raised its stake in CEMEX by 46.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company’s stock valued at $319,000 after acquiring an additional 16,585 shares during the last quarter. IFP Advisors Inc raised its stake in CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after acquiring an additional 3,062 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in CEMEX by 166.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock valued at $24,873,000 after acquiring an additional 2,549,852 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Price Performance

CX stock opened at $5.90 on Tuesday. 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. The stock’s 50 day moving average price is $6.04 and its 200 day moving average price is $5.89. The firm has a market cap of $8.54 billion, a P/E ratio of 9.36 and a beta of 1.45.

CEMEX (NYSE:CX) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, sell-side analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s dividend payout ratio is presently 12.70%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Royal Bank of Canada upped their price objective on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group upped their price objective on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued 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 price target 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.