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.

Terex (NYSE:TEX) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.03 billion. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. analysts anticipate that Terex Co. will post 1.29 earnings per share for the current year.

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.

COPYRIGHT VIOLATION WARNING: “Terex Co. (TEX) Shares Sold by Louisiana State Employees Retirement System” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://theolympiareport.com/2018/01/26/terex-co-tex-shares-sold-by-louisiana-state-employees-retirement-system.html.

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.

Want to see what other hedge funds are holding TEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terex Co. (NYSE:TEX).

Institutional Ownership by Quarter for Terex (NYSE:TEX)

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.