Marshall Wace LLP Sells 12,793 Shares of Terex Co. (NYSE:TEX)

Marshall Wace LLP lowered its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,470 shares of the industrial products company's stock after selling 12,793 shares during the period. Marshall Wace LLP owned 0.37% of Terex worth $11,531,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new stake in Terex in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Terex in the 3rd quarter valued at about $40,000. VisionPoint Advisory Group LLC bought a new position in Terex during the fourth quarter worth about $51,000. Finally, Blue Trust Inc. increased its position in Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Price Performance

TEX stock traded down $0.40 during mid-day trading on Friday, hitting $35.93. The stock had a trading volume of 533,310 shares, compared to its average volume of 891,902. The firm has a fifty day simple moving average of $38.23 and a 200 day simple moving average of $45.85. The firm has a market capitalization of $2.38 billion, a P/E ratio of 7.24, a P/E/G ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, research analysts forecast that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. Terex's payout ratio is currently 13.71%.

Insider Activity at Terex

In other news, Director Andra Rush bought 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TEX shares. Truist Financial cut their price objective on Terex from $58.00 to $47.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group cut shares of Terex from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $49.00 to $32.00 in a research report on Monday, April 7th. Evercore ISI dropped their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Citigroup cut their target price on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their price target on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Terex has an average rating of "Hold" and an average 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.