Regents Gate Capital LLP Makes New Investment in Terex Co. (NYSE:TEX)

Regents Gate Capital LLP acquired a new stake in Terex Co. (NYSE:TEX) during the 4th quarter, Holdings Channel reports. The firm acquired 120,313 shares of the industrial products company’s stock, valued at approximately $5,561,000. Terex comprises approximately 2.2% of Regents Gate Capital LLP’s portfolio, making the stock its 19th largest position.

Several other large investors have also made changes to their positions in the business. Empirical Finance LLC lifted its holdings in Terex by 13.2% in the 4th quarter. Empirical Finance LLC now owns 20,831 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 2,434 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Terex by 13.3% in the fourth quarter. Empowered Funds LLC now owns 199,594 shares of the industrial products company’s stock worth $9,225,000 after buying an additional 23,429 shares in the last quarter. Vest Financial LLC boosted its position in shares of Terex by 88.9% during the fourth quarter. Vest Financial LLC now owns 53,962 shares of the industrial products company’s stock worth $2,494,000 after acquiring an additional 25,389 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in Terex by 2.2% during the fourth quarter. Stratos Wealth Advisors LLC now owns 33,691 shares of the industrial products company’s stock valued at $1,557,000 after acquiring an additional 733 shares in the last quarter. Finally, E. Ohman J or Asset Management AB increased its holdings in Terex by 7.7% in the 4th quarter. E. Ohman J or Asset Management AB now owns 37,101 shares of the industrial products company’s stock valued at $1,715,000 after acquiring an additional 2,653 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Trading Down 4.0 %

TEX stock opened at $44.66 on Monday. Terex Co. has a twelve month low of $43.50 and a twelve month high of $68.08. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm’s fifty day simple moving average is $47.69 and its two-hundred day simple moving average is $51.95.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $1.88 EPS. As a group, analysts anticipate that Terex Co. will post 5.03 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is currently 13.71%.

Analysts Set New Price Targets

TEX has been the subject of several research reports. Citigroup dropped their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial dropped their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Robert W. Baird reduced their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research report on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.63.

Insider Buying and Selling at Terex

In related news, Director David A. Sachs acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This represents a 17.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.