AQR Capital Management LLC Sells 368,245 Shares of Terex Co. (NYSE:TEX)

AQR Capital Management LLC lessened its stake in Terex Co. (NYSE:TEX) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,092,468 shares of the industrial products company’s stock after selling 368,245 shares during the quarter. AQR Capital Management LLC owned approximately 1.64% of Terex worth $49,795,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock valued at $405,917,000 after acquiring an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Terex by 94.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock valued at $99,404,000 after purchasing an additional 1,046,600 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Terex by 43.2% during the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock valued at $89,247,000 after purchasing an additional 582,819 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Terex by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company’s stock worth $87,385,000 after purchasing an additional 41,685 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Terex by 8.4% in the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock worth $80,479,000 after purchasing an additional 135,286 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 1,325 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Terex Price Performance

TEX opened at $36.41 on Friday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 4.53 and a beta of 1.40. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $37.53 and a 200-day moving average price of $45.44. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08.

Terex (NYSE:TEX) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the previous year, the business posted $1.88 EPS. Equities analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.87%. Terex’s dividend payout ratio is currently 13.71%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group downgraded Terex from a “neutral” rating to a “sell” rating and cut their target price for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Morgan Stanley cut their price objective on Terex from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on Terex from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus target price of $45.60.

Terex Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.