California Public Employees Retirement System Lowers Stake in Ternium S.A. (TX)

California Public Employees Retirement System lowered its holdings in Ternium S.A. (NYSE:TX) by 17.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,600 shares of the basic materials company’s stock after selling 43,400 shares during the period. California Public Employees Retirement System owned approximately 0.10% of Ternium worth $5,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Ternium by 11.0% in the second quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock valued at $188,048,000 after purchasing an additional 661,707 shares during the period. Boston Partners increased its holdings in Ternium by 2,791.3% during the 2nd quarter. Boston Partners now owns 2,408,523 shares of the basic materials company’s stock worth $67,655,000 after acquiring an additional 2,325,221 shares during the period. Pictet Asset Management Ltd. increased its holdings in Ternium by 1.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,221,890 shares of the basic materials company’s stock worth $31,794,000 after acquiring an additional 15,936 shares during the period. JPMorgan Chase & Co. increased its holdings in Ternium by 174.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock worth $25,469,000 after acquiring an additional 576,021 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Ternium by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 685,289 shares of the basic materials company’s stock worth $19,250,000 after acquiring an additional 2,064 shares during the period. 19.82% of the stock is currently owned by institutional investors.

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A number of research firms recently weighed in on TX. Zacks Investment Research lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Credit Suisse Group reaffirmed a “hold” rating and set a $24.00 target price on shares of Ternium in a report on Thursday, August 3rd. BidaskClub lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Ternium in a report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Ternium presently has a consensus rating of “Buy” and an average price target of $30.50.

Shares of Ternium S.A. (TX) opened at 31.66 on Tuesday. Ternium S.A. has a 12-month low of $20.11 and a 12-month high of $33.39. The company’s 50-day moving average is $31.14 and its 200-day moving average is $28.10. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 7.24 and a beta of 1.08.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Ternium had

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Ternium by 11.0% in the second quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock valued at $188,048,000 after purchasing an additional 661,707 shares during the period. Boston Partners increased its holdings in Ternium by 2,791.3% during the 2nd quarter. Boston Partners now owns 2,408,523 shares of the basic materials company’s stock worth $67,655,000 after acquiring an additional 2,325,221 shares during the period. Pictet Asset Management Ltd. increased its holdings in Ternium by 1.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,221,890 shares of the basic materials company’s stock worth $31,794,000 after acquiring an additional 15,936 shares during the period. JPMorgan Chase & Co. increased its holdings in Ternium by 174.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock worth $25,469,000 after acquiring an additional 576,021 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Ternium by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 685,289 shares of the basic materials company’s stock worth $19,250,000 after acquiring an additional 2,064 shares during the period. 19.82% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/17/california-public-employees-retirement-system-lowers-stake-in-ternium-s-a-tx.html.

A number of research firms recently weighed in on TX. Zacks Investment Research lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Credit Suisse Group reaffirmed a “hold” rating and set a $24.00 target price on shares of Ternium in a report on Thursday, August 3rd. BidaskClub lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Ternium in a report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Ternium presently has a consensus rating of “Buy” and an average price target of $30.50.

Shares of Ternium S.A. (TX) opened at 31.66 on Tuesday. Ternium S.A. has a 12-month low of $20.11 and a 12-month high of $33.39. The company’s 50-day moving average is $31.14 and its 200-day moving average is $28.10. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 7.24 and a beta of 1.08.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Ternium had a net margin of 11.05% and a return on equity of 16.61%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. Equities research analysts predict that Ternium S.A. will post $4.08 earnings per share for the current year.

Ternium Company Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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