CIBC World Markets Inc. Has $630,000 Stake in Terex Co. (TEX)

CIBC World Markets Inc. raised its holdings in shares of Terex Co. (NYSE:TEX) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,073 shares of the industrial products company’s stock after acquiring an additional 3,698 shares during the quarter. CIBC World Markets Inc.’s holdings in Terex were worth $630,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TEX. Systematic Financial Management LP acquired a new position in shares of Terex during the 3rd quarter worth about $42,612,000. Prudential Financial Inc. boosted its position in shares of Terex by 208.0% during the 3rd quarter. Prudential Financial Inc. now owns 835,582 shares of the industrial products company’s stock worth $37,618,000 after acquiring an additional 564,300 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Terex by 27.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,241,830 shares of the industrial products company’s stock worth $100,591,000 after acquiring an additional 481,903 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Terex during the 3rd quarter worth about $15,705,000. Finally, Boston Advisors LLC acquired a new position in shares of Terex during the 4th quarter worth about $11,255,000. 96.63% of the stock is owned by institutional investors and hedge funds.

Shares of Terex Co. (TEX) opened at $43.20 on Thursday. Terex Co. has a fifty-two week low of $28.67 and a fifty-two week high of $50.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. The firm has a market capitalization of $3,690.00, a PE ratio of -22.50, a PEG ratio of 1.71 and a beta of 1.71.

Several research firms have recently issued reports on TEX. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price objective on shares of Terex in a research report on Thursday, December 21st. KeyCorp reaffirmed a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Terex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. Barclays assumed coverage on Terex in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, OTR Global raised Terex to a “positive” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Terex presently has a consensus rating of “Hold” and a consensus price target of $44.71.

In other Terex news, VP Mark I. Clair sold 3,014 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric I. Cohen sold 10,121 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $49.90, for a total value of $505,037.90. Following the sale, the vice president now directly owns 185,897 shares of the company’s stock, valued at $9,276,260.30. The disclosure for this sale can be found here. Insiders bought a total of 641 shares of company stock valued at $29,842 over the last three months. Company insiders own 2.50% of the company’s stock.

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Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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