11,092 Shares in Terex Co. (NYSE:TEX) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in shares of Terex Co. (NYSE:TEX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,092 shares of the industrial products company’s stock, valued at approximately $499,000.

Other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Terex by 51.0% during the second quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock valued at $135,913,000 after purchasing an additional 1,224,422 shares during the period. Alliancebernstein L.P. raised its holdings in Terex by 6.6% in the second quarter. Alliancebernstein L.P. now owns 3,298,490 shares of the industrial products company’s stock worth $123,693,000 after purchasing an additional 202,899 shares in the last quarter. TCW Group Inc. raised its holdings in Terex by 0.8% in the third quarter. TCW Group Inc. now owns 2,835,710 shares of the industrial products company’s stock worth $127,664,000 after purchasing an additional 23,301 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Terex by 27.4% in the third quarter. JPMorgan Chase & Co. now owns 2,241,830 shares of the industrial products company’s stock worth $100,591,000 after purchasing an additional 481,903 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Terex by 14.9% in the second quarter. Teachers Advisors LLC now owns 1,561,990 shares of the industrial products company’s stock worth $58,575,000 after purchasing an additional 202,057 shares in the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.

Shares of Terex Co. (NYSE:TEX) traded up $0.93 during midday trading on Friday, hitting $49.79. The stock had a trading volume of 714,248 shares, compared to its average volume of 936,505. The stock has a market capitalization of $4,190.00, a P/E ratio of -25.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.89. Terex Co. has a 52 week low of $28.67 and a 52 week high of $49.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53.

Terex (NYSE:TEX) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.14. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.19 EPS. Terex’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts expect that Terex Co. will post 1.29 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on TEX. Robert W. Baird reiterated a “buy” rating and set a $52.00 price target on shares of Terex in a report on Thursday, December 21st. Zacks Investment Research lowered Terex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Barclays started coverage on Terex in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 target price on the stock. OTR Global upgraded Terex to a “positive” rating in a research note on Tuesday, December 5th. Finally, ValuEngine downgraded Terex from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $44.71.

In other Terex news, VP Mark I. Clair sold 3,014 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have acquired 964 shares of company stock worth $44,623. 2.50% of the stock is currently owned by company insiders.

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About Terex

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.

Institutional Ownership by Quarter for Terex (NYSE:TEX)

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