Schonfeld Strategic Advisors LLC Sells 105,210 Shares of Terex Co. (NYSE:TEX)

Schonfeld Strategic Advisors LLC decreased its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 87.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,059 shares of the industrial products company's stock after selling 105,210 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Terex were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. FMR LLC lifted its stake in Terex by 17.0% in the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock valued at $99,404,000 after purchasing an additional 1,046,600 shares during the last quarter. First Trust Advisors LP boosted its holdings in 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 position in 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 worth $87,385,000 after buying an additional 41,685 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of 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 buying an additional 135,286 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the transaction, the insider now directly owns 38,755 shares in the company, valued at $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 23,308 shares of the company's stock, valued at $861,463.68. The trade was a 6.03% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Terex Trading Up 8.9%

Shares of Terex stock traded up $3.69 on Monday, hitting $44.87. 1,528,765 shares of the company's stock traded hands, compared to its average volume of 903,994. The stock has a market capitalization of $2.97 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. Terex Co. has a one year low of $31.53 and a one year high of $68.08. The firm's 50-day moving average price is $37.61 and its two-hundred day moving average price is $44.64. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.57 by $0.26. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $1.60 EPS. On average, research analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TEX has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. StockNews.com raised Terex from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Barclays cut their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Truist Financial boosted their target price on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Morgan Stanley decreased their price target on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.40.

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.