Marcato Capital Management LP Lowered Position in Terex Corp New (TEX) by $49.46 Million as Stock Price Declined

Terex Corporation (NYSE:TEX) LogoInvestors sentiment decreased to 0.88 in Q2 2019. Its down 0.19, from 1.07 in 2019Q1. It fall, as 41 investors sold TEX shares while 69 reduced holdings. 28 funds opened positions while 69 raised stakes. 61.07 million shares or 3.43% less from 63.24 million shares in 2019Q1 were reported. Jacobs Levy Equity Mngmt stated it has 331,842 shares or 0.14% of all its holdings. Dupont Cap Management Corp invested in 0% or 6,435 shares. Hotchkis & Wiley Cap Lc invested in 183,280 shares or 0.02% of the stock. Glenmede Trust Na stated it has 786 shares. Charles Schwab Inc stated it has 459,275 shares or 0.01% of all its holdings. 184,971 were accumulated by Rhumbline Advisers. Tci Wealth Advsrs invested in 0% or 88 shares. Manufacturers Life Communication The, Ontario – Canada-based fund reported 139,632 shares. Gamco Et Al, a New York-based fund reported 8,500 shares. Oregon Public Employees Retirement Fund holds 0.01% or 26,264 shares. Royal Bankshares Of Canada accumulated 0% or 63,276 shares. Private Ocean Lc reported 0% of its portfolio in Terex Corporation (NYSE:TEX). Barrow Hanley Mewhinney & Strauss Limited accumulated 0.12% or 2.02 million shares. Geode Mngmt Ltd Liability Co accumulated 778,096 shares. First Interstate Savings Bank has invested 0.01% in Terex Corporation (NYSE:TEX).

Since March 29, 2019, it had 18 buys, and 2 sales for $78.29 million activity. HENRY BRIAN J also bought $2,302 worth of Terex Corporation (NYSE:TEX) shares. Marcato Capital Management LP also sold $43.70M worth of Terex Corporation (NYSE:TEX) on Friday, June 7. SHEEHAN JOHN D also bought $13,080 worth of Terex Corporation (NYSE:TEX) on Wednesday, July 10.

Marcato Capital Management Lp decreased its stake in Terex Corp New (TEX) by 55.09% based on its latest 2019Q2 regulatory filing with the SEC. Marcato Capital Management Lp sold 1.60 million shares as the company’s stock declined 5.23% . The hedge fund held 1.30 million shares of the construction and ag equipment and trucks company at the end of 2019Q2, valued at $40.84 million, down from 2.90 million at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Terex Corp New for a number of months, seems to be less bullish one the $1.96B market cap company. The stock increased 2.40% or $0.65 during the last trading session, reaching $27.57. About 544,681 shares traded. Terex Corporation (NYSE:TEX) has declined 28.34% since September 13, 2018 and is downtrending. It has underperformed by 28.34% the S&P500.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on November, 7. They expect $0.87 earnings per share, up 27.94 % or $0.19 from last year’s $0.68 per share. TEX’s profit will be $61.94 million for 7.92 P/E if the $0.87 EPS becomes a reality. After $1.21 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts -28.10 % negative EPS growth.

More notable recent Terex Corporation (NYSE:TEX) news were published by: Finance.Yahoo.com which released: “Should You Investigate Terex Corporation (NYSE:TEX) At US$28.45? – Yahoo Finance” on May 21, 2019, also Globenewswire.com with their article: “Terex Announces Quarterly Dividend NYSE:TEX – GlobeNewswire” published on August 01, 2019, Finance.Yahoo.com published: “Need To Know: Terex Corporation (NYSE:TEX) Insiders Have Been Selling Shares – Yahoo Finance” on April 30, 2019. More interesting news about Terex Corporation (NYSE:TEX) were released by: Finance.Yahoo.com and their article: “How Good Is Terex Corporation (NYSE:TEX), When It Comes To ROE? – Yahoo Finance” published on September 09, 2019 as well as Globenewswire.com‘s news article titled: “Terex Corporation Announces First Quarter 2019 Financial Results Conference Call – GlobeNewswire” with publication date: April 18, 2019.

Terex Corporation (NYSE:TEX) Ratings Coverage

Among 2 analysts covering Terex Corporation Common Stock (NYSE:TEX), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Terex Corporation Common Stock has $3100 highest and $3100 lowest target. $31’s average target is 12.44% above currents $27.57 stock price. Terex Corporation Common Stock had 3 analyst reports since April 23, 2019 according to SRatingsIntel. Evercore downgraded the stock to “In-Line” rating in Friday, May 31 report. The firm has “Neutral” rating by UBS given on Thursday, September 12.

Terex Corporation (NYSE:TEX) Institutional Positions Chart

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