Richard Mcguire’s Marcato Capital Management Lp: Terex Corp Has increased Its Position

May 17, 2018 - By Carolyn Hewitt

Terex Corporation (NYSE:TEX) Corporate Logo

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

Winslow Evans Crocker Inc holds 0.01% or 360 shs in its capital. Virtu Fin Ltd Com has invested 0.02% in Terex Corporation (NYSE:TEX). Omers Administration reported 26,500 shs or 0.01% of all its holdings. Wells Fargo And Com Mn reported 387,343 shs. Federated Pa holds 0.01% of its capital in Terex Corporation (NYSE:TEX) for 47,746 shs. 7,253 are owned by Campbell & Co Adviser Ltd Liability Co. Comerica Savings Bank has 70,752 shs. Moreover, Riverhead Capital Limited Liability Company has 0.03% invested in Terex Corporation (NYSE:TEX). Wellington Mngmt Group Incorporated Limited Liability Partnership stated it has 1.99 million shs. First Mercantile Trust Commerce invested in 11,549 shs. Brown Brothers Harriman & invested in 75 shs. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems owns 0.01% invested in Terex Corporation (NYSE:TEX) for 11,670 shs. Pinnacle Assocs Ltd holds 10,667 shs or 0.01% of its capital. Northern Corp invested 0.01% in Terex Corporation (NYSE:TEX). Ameritas Inv Prns invested in 0.05% or 23,938 shs.

Terex Corporation had 5 insider sales and 13 buys since January 5, 2018. This’s net activity of $3.10 million. Shares for $212 were bought by BARR KEVIN A. 263 shs were bought by SHEEHAN JOHN D, worth $12,482 on Monday, January 8. 30,306 shs valued at $1.20 million were sold by FEARON MATTHEW on Wednesday, March 14. COHEN ERIC I had sold 10,121 shs worth $505,038 on Thursday, January 25. SACHS DAVID A bought $376,602 worth of Terex Corporation (NYSE:TEX) or 10,250 shs on Friday, March 23. On Thursday, May 3 Clair Mark I sold $449,879 worth of Terex Corporation (NYSE:TEX) or 11,737 shs.

The increased Interest in Terex Corp was reported by Richard Mcguire’s Marcato Capital Management Lp

Marcato Capital Management Lp filed with SEC a SC 13D/A form about Terex Corp. The form can be accessed here: 000091412118000990.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 holds 7.3% of the Industrials- stock.

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

The hedge fund is active investor in the Finance sector. In the manager�s latest 13-F, we saw a few other positions. Its 25% of Richard Mcguire’s Marcato Capital Management Lp�s US portfolio.

Terex Corp Institutional Changes

212 investors own Terex Corp says the latest Securities and Exchange Commission forms. In Q3 2017 the institutional ownership is very high, which is Infinity of the outstanding shares. By 3506442 shares it is increased. Institutional investors held 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 take place in the top Ten portfolios of 3 managers. Remarkable investors are: Marcato Capital Management Lp, Minneapolis Portfolio Management Group Llc, Systematic Financial Management Lp..

The first, Systematic Financial Management Lp is having 946515 shares since Q3 2017 for 0.86% of its portfolio. The next Stanley Capital Management Llc holds 131324 shares or 3.30% of its portfolio. 293752 shares holds NY 13D Management Llc which is 5.03% of their stock portfolio. Minneapolis Portfolio Management Group Llc reported stake worth 5.24% of its US stock portfolio. Further, the 2892929 shares are held by CA Marcato Capital Management Lp. Terex Corp is 14.85% of the manager�s US portfolio.

Richard Mcguire’s Marcato Capital Management Lp website.

On August, 7 Terex Corporation (NYSE:TEX)’s earnings release is awaited by WallStreet, Faxor reports. Last year’s earnings per share was $0.51, while now analysts expect change of 76.47 % up from current $0.90 earnings per share. TEX’s profit could be $68.41M with 11.71 P/E in case $0.90 earnings per share is announced. After $0.55 earnings per share was announced previous quarter, analysts now see EPS growth of 63.64 % for Terex Corporation.

The stock increased 1.74% or $0.72 during the last trading session, hitting $42.14.Terex Corporation has 2.14M shares volume, 28.54% up from normal. TEX is uptrending and has moved 24.79% since May 17, 2017. TEX outperformed the S&P500 by 13.24%.

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).The P/E ratio is 31.12. 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 Friday, May 4 the firm earned “Neutral” rating by Citigroup. On Tuesday, April 17 BMO Capital Markets maintained the shares of TEX in report with “Hold” rating. In Tuesday, December 12 report Barclays Capital initiated it with “Hold” rating and $50.0 target. In Thursday, May 3 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Thursday, May 3 Credit Suisse maintained Terex Corporation (NYSE:TEX) rating. Credit Suisse has “Outperform” rating and $62 target. On Thursday, January 11 the rating was maintained by RBC Capital Markets with “Hold”. In Tuesday, December 19 report Robert W. Baird maintained the stock with “Buy” rating. On Tuesday, January 23 Seaport Global maintained Terex Corporation (NYSE:TEX) with “Hold” rating. On Wednesday, April 18 the rating was upgraded by Seaport Global to “Buy”. On Monday, May 7 the firm has “Outperform” rating given by Evercore.

More recent Terex Corporation (NYSE:TEX) news were announced by Streetinsider.com, Seekingalpha.com and Globenewswire.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 “Terex (TEX) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. And last was announced on May 10, 2018, called “Recent Analysis Shows TechnipFMC plc, Oceaneering International, FIS, Vista Outdoor, Taylor Morrison Home, and …”.

Terex Corporation (NYSE:TEX) Institutional Investors Chart

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