Robeco Institutional Asset Management B.V. Acquires 20,000 Shares of Ternium S.A. $TX

Key Points

• Robeco Institutional Asset Management B.V. increased its shareholding in Ternium S.A. by 5.2%, acquiring an additional 20,000 shares, which brings its total ownership to 403,293 shares worth approximately $12.14 million.
• Several other hedge funds have also increased their positions in Ternium, with Ninety One North America Inc. raising its stake by 23.4%, now owning over 1 million shares valued at around $30.79 million.
• Equities research analysts issued mixed ratings on Ternium, with Morgan Stanley downgrading it to "equal weight" and others like Scotiabank decreasing their price targets, while an upgrade was given by Wall Street Zen to a "buy" rating.

Robeco Institutional Asset Management B.V. lifted its holdings in Ternium S.A. (NYSE:TX - Free Report) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,293 shares of the basic materials company's stock after acquiring an additional 20,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.20% of Ternium worth $12,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Ninety One North America Inc. lifted its position in shares of Ternium by 23.4% in the second quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company's stock worth $30,794,000 after buying an additional 194,174 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of Ternium by 5.2% in the second quarter. Ninety One UK Ltd now owns 2,407,110 shares of the basic materials company's stock worth $72,454,000 after buying an additional 118,595 shares in the last quarter. Cape Ann Asset Management Ltd lifted its position in shares of Ternium by 15.0% in the first quarter. Cape Ann Asset Management Ltd now owns 871,685 shares of the basic materials company's stock worth $27,162,000 after buying an additional 113,536 shares in the last quarter. Millennium Management LLC lifted its position in shares of Ternium by 569.4% in the first quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company's stock worth $3,952,000 after buying an additional 107,880 shares in the last quarter. Finally, Donald Smith & CO. Inc. lifted its position in shares of Ternium by 2.5% in the first quarter. Donald Smith & CO. Inc. now owns 3,099,790 shares of the basic materials company's stock worth $96,589,000 after buying an additional 76,987 shares in the last quarter. Institutional investors own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TX shares. Morgan Stanley downgraded Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 target price on the stock. in a research report on Monday, July 21st. Wells Fargo & Company upgraded Ternium to a "strong sell" rating in a research report on Thursday, August 14th. Scotiabank decreased their price objective on Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, September 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Ternium in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded Ternium from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $32.67.

Ternium Stock Up 2.4%

NYSE:TX opened at $36.16 on Monday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 11.93 and a beta of 1.52. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $37.43. The company has a current ratio of 2.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $33.41 and a 200-day simple moving average of $30.80.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.66 by $0.62. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.19 billion. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The firm's revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS. Analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.

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