Amundi Reduces Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Amundi lessened its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,788,420 shares of the construction company’s stock after selling 171,630 shares during the quarter. Amundi owned approximately 0.19% of CEMEX worth $15,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares during the last quarter. Holistic Financial Partners increased its stake in shares of CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after purchasing an additional 2,787 shares in the last quarter. IFP Advisors Inc raised its position in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in CEMEX by 39.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company’s stock valued at $92,000 after buying an additional 4,306 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in CEMEX by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 34,210 shares of the construction company’s stock valued at $193,000 after buying an additional 4,474 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Stock Performance

Shares of CX stock opened at $5.87 on Friday. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 9.31 and a beta of 1.45. The company has a 50 day moving average price of $6.06 and a 200 day moving average price of $5.89. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one 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 announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

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

Wall Street Analysts Forecast Growth

CX has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CEMEX has an average rating of “Hold” and an average price target of $7.82.

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.