Oldfield Partners Llp buys $1.4 Million stake in Terex Corporation (TEX)

Terex Corporation (TEX) : Oldfield Partners Llp scooped up 18,400 additional shares in Terex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 60,000 shares of Terex Corporation which is valued at $1.4 Million.Terex Corporation makes up approximately 0.11% of Oldfield Partners Llp’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc sold out all of its stake in TEX during the most recent quarter. The investment firm sold 150 shares of TEX which is valued $3,402.Brighton Jones boosted its stake in TEX in the latest quarter, The investment management firm added 24,198 additional shares and now holds a total of 62,002 shares of Terex Corporation which is valued at $1.4 Million. Terex Corporation makes up approx 0.25% of Brighton Jones’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in TEX by selling 15,410 shares or 9.57% in the most recent quarter. The Hedge Fund company now holds 145,568 shares of TEX which is valued at $3.3 Million. Terex Corporation makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in TEX by selling 4,400 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 76,020 shares of TEX which is valued at $1.8 Million. Terex Corporation makes up approx 0.03% of Nisa Investment Advisors L.l.c.’s portfolio.Id Management As reduced its stake in TEX by selling 16,044 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 210,281 shares of TEX which is valued at $5 Million. Terex Corporation makes up approx 1.60% of Id Management As’s portfolio.

Terex Corporation opened for trading at $24.71 and hit $25.2699 on the upside on Monday, eventually ending the session at $24.94, with a gain of 9.96% or 2.26 points. The heightened volatility saw the trading volume jump to 66,23,866 shares. Company has a market cap of $2,723 M.

On the company’s financial health, Terex Corporation reported $-0.05 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $-0.05. The company had revenue of $1426.90 million for the quarter, compared to analysts expectations of $1320.93 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on Terex Corporation. Company shares were Upgraded by Robert W. Baird on May 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $24 .Terex Corporation was Upgraded by Wells Fargo to ” Outperform” on May 17, 2016. Company shares were Reiterated by RBC Capital Mkts on May 17, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications including the construction infrastructure quarrying mining manufacturing transportation energy and utility industries. The Company operates in business segments: Aerial Work Platforms Construction Cranes Material Handling & Port Solutions and Materials Processing. Its products are manufactured in North and South America Europe Australia and Asia and sold across the world. It offers a range of products including portable material lifts telehandlers wheel loaders midi excavators site dumpers tower cranes utility equipment industrial cranes reach stackers washing systems chippers and sprinter carriers among others. Its brands include Terex Genie Demag and Powerscreen.

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