Public Employees Retirement System of Ohio Sells 39,878 Shares of Ternium S.A. (NYSE:TX)

Public Employees Retirement System of Ohio cut its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,812 shares of the basic materials company's stock after selling 39,878 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Ternium worth $4,153,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TX. NewEdge Advisors LLC boosted its stake in shares of Ternium by 500.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,000 shares during the period. Headlands Technologies LLC boosted its stake in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock worth $49,000 after purchasing an additional 1,200 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Ternium in the 4th quarter valued at about $54,000. Aquatic Capital Management LLC boosted its position in Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after buying an additional 482 shares during the period. Finally, R Squared Ltd purchased a new stake in Ternium in the 4th quarter valued at about $88,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Ternium Trading Down 2.0%

Ternium stock traded down $0.57 during trading hours on Friday, hitting $27.39. The company had a trading volume of 198,650 shares, compared to its average volume of 216,899. The firm has a market cap of $5.49 billion, a P/E ratio of -97.82, a P/E/G ratio of 0.38 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $43.57. The company has a 50-day moving average price of $28.35 and a two-hundred day moving average price of $29.87.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.33 by $0.22. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The company's quarterly revenue was down 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TX shares. UBS Group started coverage on shares of Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price objective for the company. The Goldman Sachs Group lowered their price objective on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Bank of America reissued an "underperform" rating and issued a $25.00 price objective on shares of Ternium in a research report on Monday, April 7th.

Ternium Profile

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.