Position increased In Terex Corp By Richard Mcguire’s Marcato Capital Management Lp

May 17, 2018 - By Darrin Badillo

Terex Corporation (NYSE:TEX) Corporate Logo

During 2017 Q4 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 increased. 61 rose holdings while 56 funds acquired holdings. Funds hold 76.03 million shares thus 4.26% less from 2017Q3’s 79.42 million shares.

Barrow Hanley Mewhinney & Strauss Limited Liability Corp, a Texas-based fund reported 1.74 million shs. Parkside National Bank & Tru has invested 0% in Terex Corporation (NYSE:TEX). 25 are owned by Meeder Asset Mgmt. 30,582 were reported by Teacher Retirement Systems Of Texas. Brown Brothers Harriman Company accumulated 75 shs or 0% of the stock. State Treasurer State Of Michigan reported 28,700 shs stake. Minneapolis Portfolio Group Inc Ltd Com invested in 787,441 shs. Pzena Inv Mngmt Ltd Liability Corp holds 0.77% or 3.25 million shs. Tokio Marine Asset Mngmt Limited invested in 35,800 shs or 0.26% of the stock. Citigroup accumulated 0% or 7,024 shs. Cibc Ww Markets owns 0% invested in Terex Corporation (NYSE:TEX) for 13,073 shs. Kennedy Mgmt has invested 0.3% in Terex Corporation (NYSE:TEX). Sei Invests Com holds 0% or 6,406 shs in its capital. Cookson Peirce invested in 0.37% or 81,490 shs. Ameritas Prtn has invested 0.05% in Terex Corporation (NYSE:TEX).

Terex Corporation registered $3.10 million net activity with 13 buys and 5 sales since January 5, 2018. FEARON MATTHEW also sold $1.20M worth of Terex Corporation (NYSE:TEX) shs. Another trade for 513 shs valued at $18,735 was made by SHEEHAN JOHN D on Monday, April 9. Another trade for 49 shs valued at $2,298 was bought by HENRY BRIAN J. Another trade for 10,121 shs valued at $505,038 was made by COHEN ERIC I on Thursday, January 25. On Thursday, May 3 a trade for 11,737 shs valued at $449,879 was made by Clair Mark I. The insider FILIPOV STEVE sold $388,828.

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

In the following link 000091412118000990 you can find SC 13D/A SEC report about Terex Corp, submitted by Marcato Capital Management Lp.As reported by Richard Mcguire’s Marcato Capital Management Lp, the filler increased its stake in the stock 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.

The hedge fund with about $3.47 billion looks more positive after reporting such an increase of its Terex Corp ownership.

The Finance is the hedge fund most active sector. Its 25% of Richard Mcguire’s Marcato Capital Management Lp�s US portfolio.

Terex Corp Institutional Sentiment

212 investors own Terex Corp says the latest Securities and Exchange Commission filings. In Q3 2017 the institutional ownership is very high, which is Infinity of the outstanding shares. By 3506442 shares it is increased. 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 is 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.

On August, 7 Terex Corporation (NYSE:TEX)’s earnings release is awaited by WallStreet, RTT reports. Last year’s EPS was $0.51, while now analysts expect change of 76.47 % up from current $0.90 EPS. If TEX’s EPS is $0.90 the profit will reach $68.41M for 11.71 P/E. Wall Street sees 63.64 % EPS growth as of August, 7.

The stock increased 1.74% or $0.72 during the last trading session, touching $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 price target. 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 19 the rating was maintained by Robert W. Baird with “Buy”. On Monday, April 16 the stock has “Buy” rating by Wells Fargo. On Tuesday, April 17 RBC Capital Markets maintained Terex Corporation (NYSE:TEX) with “Hold” rating. The company rating was maintained by Morgan Stanley on Thursday, May 3. On Tuesday, April 17 the firm has “Hold” rating by BMO Capital Markets given. In Thursday, January 18 report Jefferies maintained the stock with “Hold” rating. On Monday, May 7 the firm has “Outperform” rating by Evercore given. The stock rating was downgraded by Robert W. Baird to “Neutral” on Friday, March 2. On Thursday, February 15 the company was maintained by Deutsche Bank. In Tuesday, December 12 report Barclays Capital initiated it with “Hold” rating and $50.0 target.

More recent Terex Corporation (NYSE:TEX) news were announced by Streetinsider.com, Globenewswire.com and Seekingalpha.com. The first one has “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” as a title and was announced on May 15, 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 announced on May 02, 2018, called “Terex (TEX) Q1 2018 Results – Earnings Call Transcript”.

Terex Corporation (NYSE:TEX) Institutional Investors Chart

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