DekaBank Deutsche Girozentrale Has $4.86 Million Stake in Terex Co. (NYSE:TEX)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 1,994.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,558 shares of the industrial products company's stock after buying an additional 80,521 shares during the period. DekaBank Deutsche Girozentrale owned about 0.13% of Terex worth $4,858,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Raymond James & Associates increased its stake in Terex by 17.7% in the 1st quarter. Raymond James & Associates now owns 39,745 shares of the industrial products company's stock valued at $1,417,000 after purchasing an additional 5,990 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Terex during the first quarter worth $291,000. PNC Financial Services Group Inc. increased its position in Terex by 106.6% during the first quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the industrial products company's stock worth $368,000 after buying an additional 5,351 shares in the last quarter. Acadian Asset Management LLC increased its position in Terex by 42.6% during the first quarter. Acadian Asset Management LLC now owns 4,984 shares of the industrial products company's stock worth $177,000 after buying an additional 1,488 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in Terex by 40.1% during the first quarter. MetLife Investment Management LLC now owns 80,649 shares of the industrial products company's stock worth $2,876,000 after buying an additional 23,093 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Down 1.5 %

Shares of TEX traded down $0.94 during midday trading on Friday, reaching $63.37. 819,254 shares of the company were exchanged, compared to its average volume of 700,940. The stock has a 50-day moving average price of $59.84 and a 200-day moving average price of $55.90. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 0.64 and a beta of 1.64. Terex Co. has a 1-year low of $42.50 and a 1-year high of $65.89. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.41. Terex had a return on equity of 32.89% and a net margin of 10.06%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $1.34 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. Research analysts expect that Terex Co. will post 6.95 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 7th. Terex's dividend payout ratio is currently 8.96%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target for the company. in a research report on Monday, March 18th. Citigroup raised their price objective on Terex from $54.00 to $63.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. UBS Group cut Terex from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $61.00 to $62.00 in a report on Tuesday, February 13th. Evercore ISI decreased their price objective on Terex from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price objective on Terex from $52.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Terex has an average rating of "Hold" and a consensus target price of $64.21.

Insider Activity at Terex

In related news, insider Joshua Gross sold 4,945 shares of the business's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the sale, the insider now directly owns 21,457 shares of the company's stock, valued at $1,268,752.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Terex news, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the transaction, the insider now directly owns 21,457 shares in the company, valued at $1,268,752.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the completion of the transaction, the chief executive officer now owns 380,834 shares of the company's stock, valued at $22,876,698.38. The disclosure for this sale can be found here. Insiders sold a total of 132,039 shares of company stock valued at $8,078,574 over the last three months. 2.40% of the stock is owned by insiders.

About Terex

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.