Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Terex Co. (NYSE:TEX)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Terex Co. (NYSE:TEX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 31,000 shares of the industrial products company’s stock, valued at approximately $1,082,000.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Terex by 4.2% during the 4th quarter. BlackRock Inc. now owns 7,718,852 shares of the industrial products company’s stock worth $269,311,000 after buying an additional 314,097 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Terex by 17.6% during the 4th quarter. Nuveen Asset Management LLC now owns 4,584,953 shares of the industrial products company’s stock worth $159,968,000 after buying an additional 686,118 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Terex by 29.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,642,890 shares of the industrial products company’s stock worth $57,320,000 after buying an additional 373,370 shares in the last quarter. Northern Trust Corp lifted its holdings in Terex by 27.6% during the 4th quarter. Northern Trust Corp now owns 1,322,644 shares of the industrial products company’s stock worth $46,147,000 after buying an additional 285,864 shares in the last quarter. Finally, SummerHaven Investment Management LLC acquired a new stake in Terex during the 4th quarter worth approximately $802,000. Institutional investors own 83.84% of the company’s stock.

TEX stock opened at $45.38 on Wednesday. Terex Co. has a one year low of $11.54 and a one year high of $50.09. The stock has a market capitalization of $3.16 billion, a PE ratio of -756.33 and a beta of 1.55. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.65 and a current ratio of 2.59. The company has a fifty day moving average of $44.95 and a 200-day moving average of $35.33.

Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, February 10th. The industrial products company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.19. Terex had a negative net margin of 0.12% and a positive return on equity of 2.35%. The firm had revenue of $786.70 million during the quarter, compared to analysts’ expectations of $754.86 million. During the same quarter last year, the business earned $0.36 earnings per share. Equities analysts forecast that Terex Co. will post -0.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Friday, March 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, March 4th. Terex’s dividend payout ratio (DPR) is 14.77%.

In related news, VP Amy George sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $40.19, for a total value of $401,900.00. Also, CFO John D. Sheehan sold 42,500 shares of the firm’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $40.00, for a total transaction of $1,700,000.00. Insiders sold 168,104 shares of company stock valued at $6,969,687 in the last quarter. Company insiders own 3.70% of the company’s stock.

TEX has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on shares of Terex from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, February 16th. Morgan Stanley increased their price objective on shares of Terex from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday. Evercore ISI raised shares of Terex to an “outperform” rating in a research report on Tuesday, February 16th. KeyCorp increased their price objective on shares of Terex from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Vertical Research initiated coverage on shares of Terex in a research report on Wednesday, January 20th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.12.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. The company operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers principally under the Terex and Genie brand names.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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