Quantbot Technologies LP Has $3 Million Holdings in Terex Co. (NYSE:TEX)

Quantbot Technologies LP raised its position in Terex Co. (NYSE:TEX - Free Report) by 465.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 56,773 shares of the industrial products company's stock after acquiring an additional 46,729 shares during the period. Quantbot Technologies LP owned about 0.08% of Terex worth $3,004,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Greenwich Wealth Management LLC lifted its position in shares of Terex by 0.3% in the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company's stock worth $3,300,000 after purchasing an additional 181 shares in the last quarter. Dorsey Wright & Associates lifted its position in Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company's stock worth $3,362,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. lifted its position in Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock worth $28,000 after buying an additional 187 shares in the last quarter. FCG Investment Co grew its holdings in shares of Terex by 3.5% in the 2nd quarter. FCG Investment Co now owns 6,534 shares of the industrial products company's stock valued at $358,000 after acquiring an additional 220 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

Shares of TEX traded down $0.03 during trading hours on Thursday, hitting $54.27. The company had a trading volume of 461,645 shares, compared to its average volume of 811,230. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 4.52 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $53.43 and a 200-day moving average of $55.31. Terex Co. has a 12 month low of $48.11 and a 12 month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.75 EPS. The business's revenue was down 6.0% on a year-over-year basis. Equities analysts anticipate that Terex Co. will post 6.07 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.25%. Terex's dividend payout ratio (DPR) is presently 9.93%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Evercore ISI decreased their price target on Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Truist Financial boosted their target price on shares of Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Robert W. Baird dropped their price target on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Finally, Citigroup lowered their price objective on shares of Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $59.56.

Terex Company 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.