Terex Co. (TEX) Shares Sold by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System trimmed its position in Terex Co. (NYSE:TEX) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,200 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Terex were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of TEX. Amalgamated Bank increased its holdings in shares of Terex by 8.2% in the 2nd quarter. Amalgamated Bank now owns 18,139 shares of the industrial products company’s stock valued at $680,000 after acquiring an additional 1,379 shares during the last quarter. Laurion Capital Management LP bought a new stake in shares of Terex in the 2nd quarter valued at approximately $232,000. PNC Financial Services Group Inc. increased its holdings in shares of Terex by 4.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 262 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Terex in the 2nd quarter valued at approximately $2,163,000. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Terex by 9.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 102,734 shares of the industrial products company’s stock valued at $3,853,000 after acquiring an additional 8,470 shares during the last quarter. Institutional investors and hedge funds own 96.85% of the company’s stock.
Terex Co. (NYSE:TEX) opened at $48.22 on Friday. The company has a market capitalization of $4,060.00, a price-to-earnings ratio of -25.11, a P/E/G ratio of 1.94 and a beta of 1.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.53 and a current ratio of 2.42. Terex Co. has a 52 week low of $28.67 and a 52 week high of $50.17.
In other Terex news, VP Mark I. Clair sold 3,014 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 964 shares of company stock valued at $44,623 in the last quarter. 2.50% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on TEX shares. Zacks Investment Research downgraded Terex from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. UBS Group set a $52.00 price target on Terex and gave the company a “buy” rating in a report on Wednesday, October 11th. Citigroup boosted their price target on Terex from $39.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Wells Fargo & Co set a $52.00 price target on Terex and gave the company a “buy” rating in a report on Monday, October 16th. Finally, KeyCorp restated a “hold” rating on shares of Terex in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Terex presently has a consensus rating of “Hold” and an average price target of $44.71.
Terex Company Profile
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.
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