Universal Beteiligungs und Servicegesellschaft mbH Has $4.52 Million Holdings in Terex Corporation $TEX

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Terex Corporation (NYSE:TEX) by 391.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 88,081 shares of the industrial products company’s stock after acquiring an additional 70,161 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Terex were worth $4,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Terex by 68.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock valued at $32,909,000 after acquiring an additional 285,186 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Terex during the second quarter worth $613,000. QRG Capital Management Inc. increased its holdings in Terex by 6.6% in the second quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 368 shares during the last quarter. XTX Topco Ltd acquired a new position in Terex in the second quarter valued at about $1,551,000. Finally, Minneapolis Portfolio Management Group LLC boosted its holdings in Terex by 42.6% during the third quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock worth $33,206,000 after buying an additional 193,260 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TEX. Wells Fargo & Company upped their price target on Terex from $50.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday. Citigroup boosted their price objective on shares of Terex from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Finally, UBS Group lowered their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average price target of $59.18.

Insider Buying and Selling at Terex

In other news, Director Andra Rush acquired 2,120 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the acquisition, the director owned 25,428 shares in the company, valued at $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Terex Stock Up 1.5%

Terex stock opened at $60.55 on Wednesday. The company has a 50 day moving average of $53.55 and a 200-day moving average of $51.84. The company has a quick ratio of 1.20, a current ratio of 2.15 and a debt-to-equity ratio of 1.28. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $62.51. The stock has a market capitalization of $3.97 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 5.38 and a beta of 1.67.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.22 by $0.28. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a net margin of 2.92% and a return on equity of 15.93%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, equities research analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.