Atlantic Investment Management Inc. Reduces Stock Position in Terex Co. (NYSE:TEX)

Atlantic Investment Management Inc. decreased its position in shares of Terex Co. (NYSE:TEX - Free Report) by 75.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,000 shares of the industrial products company's stock after selling 470,038 shares during the quarter. Terex comprises about 3.5% of Atlantic Investment Management Inc.'s investment portfolio, making the stock its 8th largest holding. Atlantic Investment Management Inc. owned about 0.23% of Terex worth $7,164,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TEX. FMR LLC grew its position in Terex by 17.0% in the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after acquiring an additional 1,046,600 shares during the period. First Trust Advisors LP grew its stake in shares of Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of 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 valued at $87,385,000 after purchasing an additional 41,685 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Terex by 8.4% in the fourth 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 during the period. Institutional investors own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TEX shares. JPMorgan Chase & Co. boosted their price target on shares of Terex from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday. StockNews.com raised Terex from a "sell" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group dropped their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Barclays decreased their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Finally, UBS Group cut shares of Terex from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $49.00 to $32.00 in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.40.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,389 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the transaction, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. This represents a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

Terex Trading Down 2.2 %

Shares of NYSE:TEX traded down $0.89 during mid-day trading on Tuesday, hitting $39.61. The stock had a trading volume of 1,171,458 shares, compared to its average volume of 898,516. Terex Co. has a 12-month low of $31.53 and a 12-month high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a market cap of $2.62 billion, a PE ratio of 7.98, a P/E/G ratio of 4.53 and a beta of 1.52. The company's 50 day moving average is $37.44 and its 200-day moving average is $45.07.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. Terex's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. On average, sell-side analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, March 7th. Terex's payout ratio is presently 18.53%.

Terex Company 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.