Terex Corp’s Price Jumped After Stake increased By Richard Mcguire’s Marcato Capital Management Lp

May 17, 2018 - By Anthony Romero

Terex Corporation (NYSE:TEX) Corporate Logo

During Q4 2017 the big money sentiment increased to 0.91. That’s change of 0.28, from 2017Q3’s 0.63. 27 investors sold all, 102 reduced holdings as Terex Corporation ratio is positive. 61 increased positions while 56 funds acquired positions. Funds hold 76.03 million shares thus 4.26% less from 2017Q3’s 79.42 million shares.

Moreover, Gsa Cap Ltd Liability Partnership has 0.02% invested in Terex Corporation (NYSE:TEX). Goldman Sachs Grp Inc invested in 2.55 million shs or 0.03% of the stock. Gotham Asset Ltd Liability Corporation has 39,977 shs. Advantus Mngmt Incorporated has 0.01% invested in Terex Corporation (NYSE:TEX). Brown Brothers Harriman holds 75 shs or 0% of its capital. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma invested in 0% or 41 shs. Pzena Mngmt Limited Company has 0.77% invested in Terex Corporation (NYSE:TEX). National Bank Of America Corporation De owns 419,360 shs. Moreover, California State Teachers Retirement has 0.01% invested in Terex Corporation (NYSE:TEX). Lpl Financial Ltd Liability reported 0% in Terex Corporation (NYSE:TEX). Timber Hill Ltd Liability Com holds 0.03% of its capital in Terex Corporation (NYSE:TEX) for 8,676 shs. Engineers Gate Manager L P has invested 0.3% in Terex Corporation (NYSE:TEX). Janney Montgomery Scott Lc owns 15,940 shs for 0.01% of their capital. New Mexico Educational Retirement Board reported 19,800 shs. Caprock Grp has invested 0.04% in Terex Corporation (NYSE:TEX).

Terex Corporation registered $3.10 million net activity with 13 insider purchases and 5 insider sales since January 5, 2018. 263 shs were bought by SHEEHAN JOHN D, worth $12,482 on Monday, January 8. SACHS DAVID A bought $376,602 worth of Terex Corporation (NYSE:TEX) or 10,250 shs on Friday, March 23. On Tuesday, February 27 $388,828 worth of stock was sold by FILIPOV STEVE. 94 shs valued at $3,451 were bought by HENRY BRIAN J on Monday, April 9. On Wednesday, March 14 FEARON MATTHEW also sold $1.20 million worth of Terex Corporation (NYSE:TEX). On Thursday, May 3 Shares for $449,879 were sold by Clair Mark I.

Terex Corp has increased Interest, Richard Mcguire’s Marcato Capital Management Lp announced

By clicking the link 000091412118000990 you will find SC 13D/A SEC form submitted by Marcato Capital Management Lp about Terex Corp.The Richard Mcguire’s Marcato Capital Management Lp’s stake increased by 0.06 % for 5,525,917 shares.On May 14, 2018 Richard Mcguire’s Marcato Capital Management Lp owns 7.3% of the Industrials- stock.

After posting an increase with $3.47 billion of its Terex Corp ownership the hedge fund looks more positive.

The hedge fund have positions in the Finance sector. Its 25% of Richard Mcguire’s Marcato Capital Management Lp�s US portfolio.

Terex Corp Institutional Changes

212 investors own Terex Corp says the latest Sec.gov filings. In Q3 2017 the institutional ownership is very high, which is Infinity of the outstanding shares. By 3506442 shares it is decreased. Institutional investors owned 79420749. In total 43 funds opened new Terex Corp stakes, 42 increased stakes. There were 19 that closed positions and 115 reduced them.

The stock participate in the top Ten portfolios of 3 managers. Significant investors are: Marcato Capital Management Lp, Minneapolis Portfolio Management Group Llc, Systematic Financial Management Lp..

As of Q3 2017 Systematic Financial Management Lp is having 0.86% of its US portfolio or 946515 shares. The stake that Stanley Capital Management Llc announced worth 3.30% of its portfolio 131324 shares. Further, 13D Management Llc announced stake worth 5.03% of the manager�s US portfolio. 795431 shares owns MN 13D Management Llc which is 5.24% of their stock portfolio. The 2892929 shares are owned by CA Marcato Capital Management Lp. Terex Corp is 14.85% of its portfolio.

Richard Mcguire’s Marcato Capital Management Lp website.

Terex Corporation (NYSE:TEX) is awaited to publish earnings on August, 7., RTT reports. Analysts have anticipation on stock’s earnings per share of $0.90. That’s up 76.47 % from last year’s $0.51 earnings per share. If the current earnings per share of $0.90 is accurate, TEX’s profit could be $68.41M. Last quarter $0.55 earnings per share was reported. Analysts predicts 63.64 % EPS growth this quarter.

The stock increased 1.74% or $0.72 during the last trading session, hitting $42.14.Terex Corporation is uptrending after having risen 24.79% since May 17, 2017. TEX has 2.14M volume or 28.54% up from normal. TEX outperformed by 13.24% the S&P 500.

Terex Corporation manufactures and sells lifting and material processing products worldwide.The firm is valued at $3.20 billion. The firm operates through three divisions: Aerial Work Platforms , Cranes, and Materials Processing (MP).31.12 is the P/E ratio. The AWP segment designs, makes, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brand names.

Terex Corporation (NYSE:TEX) Ratings Coverage

Total analysts of 12 have positions in Terex Corp (NYSE:TEX) as follows: 4 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 33%. The firm has $62 highest while $40 is the lowest target price. The average target $47.10 is 11.77% above the last ($42.14) price. Since December 12, 2017 according to StockzIntelligence Inc Terex Corp has 18 analyst reports. On Tuesday, December 12 the stock of Terex Corporation (NYSE:TEX) has “Hold” rating given by Barclays Capital. On Wednesday, April 18 the firm has “Buy” rating given by Seaport Global. The company rating was maintained by Robert W. Baird on Friday, April 13. The stock rating was maintained by Seaport Global with “Hold” on Tuesday, January 23. On Tuesday, April 17 the stock of Terex Corporation (NYSE:TEX) has “Hold” rating given by BMO Capital Markets. The company rating was maintained by Jefferies on Thursday, January 18. The company rating was downgraded by Robert W. Baird on Friday, March 2. In Thursday, February 15 report Deutsche Bank maintained it with “Hold” rating and $48 target. On Thursday, May 3 the firm has “Outperform” rating given by Credit Suisse. On Thursday, February 15 the rating was maintained by Credit Suisse with “Outperform”.

More recent Terex Corporation (NYSE:TEX) news were posted by Seekingalpha.com, Globenewswire.com and Streetinsider.com. The first one has “Terex (TEX) Q1 2018 Results – Earnings Call Transcript” as a title and was posted on May 02, 2018. The next is “Recent Analysis Shows TechnipFMC plc, Oceaneering International, FIS, Vista Outdoor, Taylor Morrison Home, and …” on May 10, 2018. And last was posted on May 15, 2018, called “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f”.

Terex Corporation (NYSE:TEX) Institutional Investors Chart

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