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

Marshall Wace LLP lessened its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after purchasing an additional 1,272,920 shares during the period. Norges Bank bought a new stake in Terex in the 4th quarter valued at about $35,001,000. American Century Companies Inc. raised its stake in Terex by 8.4% during the 4th 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 period. Regents Gate Capital LLP bought a new position in Terex in the fourth quarter worth approximately $5,561,000. Finally, Clearbridge Investments LLC grew its stake in Terex by 20.9% in the fourth quarter. Clearbridge Investments LLC now owns 369,055 shares of the industrial products company's stock valued at $17,058,000 after acquiring an additional 63,854 shares during the period. 92.88% of the stock is owned by institutional investors.

Terex Stock Performance

Shares of NYSE TEX traded down $0.40 during mid-day trading on Friday, reaching $35.93. 533,310 shares of the company's stock were exchanged, compared to its average volume of 901,145. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The firm has a 50-day moving average price of $38.46 and a two-hundred day moving average price of $46.07. 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 Co. has a 52 week low of $31.53 and a 52 week high of $68.08.

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

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio (DPR) is presently 13.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays cut their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Citigroup dropped their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group dropped their price target on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, UBS Group lowered Terex from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $45.60.

Insiders Place Their Bets

In related news, Director Andra Rush bought 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company's stock.

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.