Ally Finl (ALLY) Stake Maintained by Ejf Capital Llc; Minneapolis Portfolio Management Group Has Decreased Its Terex New (TEX) Holding as Valuation Declined

May 22, 2018 - By Dolores Ford

Terex Corporation (NYSE:TEX) Logo

Minneapolis Portfolio Management Group Llc decreased its stake in Terex Corp New (TEX) by 1% based on its latest 2017Q4 regulatory filing with the SEC. Minneapolis Portfolio Management Group Llc sold 7,990 shares as the company’s stock declined 23.93% with the market. The institutional investor held 787,441 shares of the construction and ag equipment and trucks company at the end of 2017Q4, valued at $37.97 million, down from 795,431 at the end of the previous reported quarter. Minneapolis Portfolio Management Group Llc who had been investing in Terex Corp New for a number of months, seems to be less bullish one the $3.26 billion market cap company. The stock increased 0.07% or $0.03 during the last trading session, reaching $42.92. About 604,134 shares traded. Terex Corporation (NYSE:TEX) has risen 24.79% since May 22, 2017 and is uptrending. It has outperformed by 13.24% the S&P500.




Emanuel J. Friedman increased its stake in Ally Finl Inc (ALLY) by 13.46% based on its latest 2017Q4 regulatory filing with the SEC. Ejf Capital Llc bought 229,790 shares as the company’s stock declined 10.36% with the market. The hedge fund run by Emanuel J. Friedman held 1.94 million shares of the consumer services company at the end of 2017Q4, valued at $56.48 million, up from 1.71 million at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Ally Finl Inc for a number of months, seems to be bullish on the $11.79B market cap company. The stock increased 1.13% or $0.31 during the last trading session, reaching $27.41. About 1.52 million shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since May 22, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Among 24 analysts covering Ally Financial (NYSE:ALLY), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. Ally Financial had 72 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $26 target in Thursday, October 26 report. The rating was maintained by Piper Jaffray on Tuesday, July 11 with “Buy”. The rating was downgraded by JP Morgan to “Neutral” on Friday, January 12. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, June 22 report. The firm earned “Buy” rating on Monday, April 2 by Oppenheimer. Stephens maintained the shares of ALLY in report on Tuesday, January 2 with “Sell” rating. The company was maintained on Thursday, January 4 by Susquehanna. BTIG Research maintained the shares of ALLY in report on Wednesday, October 25 with “Buy” rating. The company was maintained on Wednesday, August 23 by BMO Capital Markets. Stephens downgraded Ally Financial Inc. (NYSE:ALLY) on Monday, July 17 to “Underweight” rating.

More recent Ally Financial Inc. (NYSE:ALLY) news were published by: Seekingalpha.com which released: “Ally Financial (ALLY) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Also Seekingalpha.com published the news titled: “House votes on bill easing Dodd-Frank” on May 22, 2018. Seekingalpha.com‘s news article titled: “Congress slaps down CFPB’s auto lending guidance” with publication date: May 09, 2018 was also an interesting one.

Ejf Capital Llc, which manages about $7.64 billion and $1.25 billion US Long portfolio, decreased its stake in Ambac Finl Group Inc (NASDAQ:AMBC) by 155,000 shares to 2.22M shares, valued at $35.42M in 2017Q4, according to the filing. It also reduced its holding in Community Finl Corp Md (NASDAQ:TCFC) by 7,915 shares in the quarter, leaving it with 120,981 shares, and cut its stake in Sun Bancorp Inc (NASDAQ:SNBC).

Another recent and important Terex Corporation (NYSE:TEX) news was published by Seekingalpha.com which published an article titled: “Terex (TEX) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.28, from 0.63 in 2017Q3. It is positive, as 27 investors sold TEX shares while 102 reduced holdings. 56 funds opened positions while 61 raised stakes. 76.03 million shares or 4.26% less from 79.42 million shares in 2017Q3 were reported. Zacks Inv reported 16,839 shares. Virginia Retirement Et Al, Virginia-based fund reported 20,500 shares. Gsa Prns Llp invested in 0.02% or 8,487 shares. Goldman Sachs Grp Inc Inc Inc accumulated 2.55 million shares. The Ohio-based Fifth Third Financial Bank has invested 0% in Terex Corporation (NYSE:TEX). 274,414 were reported by Rhumbline Advisers. Gotham Asset Management Lc holds 0.03% of its portfolio in Terex Corporation (NYSE:TEX) for 39,977 shares. Tokio Marine Asset Management holds 0.26% in Terex Corporation (NYSE:TEX) or 35,800 shares. Parametric Assocs Limited Liability Co stated it has 0.01% of its portfolio in Terex Corporation (NYSE:TEX). Invesco Ltd holds 0.01% or 296,523 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 0.01% or 11,670 shares. 80,648 are held by Public Employees Retirement Of Ohio. Nwq Investment Mngmt Company Limited Liability Company holds 213,967 shares or 0.13% of its portfolio. Citigroup reported 7,024 shares or 0% of all its holdings. Utah Retirement accumulated 0.01% or 14,511 shares.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on August, 7. They expect $0.90 EPS, up 76.47% or $0.39 from last year’s $0.51 per share. TEX’s profit will be $68.40 million for 11.92 P/E if the $0.90 EPS becomes a reality. After $0.55 actual EPS reported by Terex Corporation for the previous quarter, Wall Street now forecasts 63.64% EPS growth.

Among 21 analysts covering Terex Corporation (NYSE:TEX), 6 have Buy rating, 2 Sell and 13 Hold. Therefore 29% are positive. Terex Corporation had 91 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America downgraded the stock to “Neutral” rating in Friday, April 28 report. JP Morgan upgraded the shares of TEX in report on Wednesday, January 27 to “Neutral” rating. The firm earned “Underweight” rating on Wednesday, September 9 by Barclays Capital. BMO Capital Markets maintained Terex Corporation (NYSE:TEX) on Friday, November 3 with “Outperform” rating. RBC Capital Markets maintained Terex Corporation (NYSE:TEX) rating on Monday, July 10. RBC Capital Markets has “Hold” rating and $3300 target. Credit Suisse maintained the stock with “Outperform” rating in Thursday, May 3 report. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by Deutsche Bank on Wednesday, October 12. The company was upgraded on Wednesday, August 12 by Goldman Sachs. The firm has “Hold” rating given on Friday, July 31 by BB&T Capital. The company was maintained on Monday, October 16 by Wells Fargo.

Minneapolis Portfolio Management Group Llc, which manages about $907.73M and $734.01 million US Long portfolio, upped its stake in Agrium Inc (NYSE:AGU) by 6,621 shares to 317,996 shares, valued at $36.57M in 2017Q4, according to the filing. It also increased its holding in Chevron Corp New (NYSE:CVX) by 3,828 shares in the quarter, for a total of 188,124 shares, and has risen its stake in Ncr Corp New (NYSE:NCR).

Since January 5, 2018, it had 13 insider purchases, and 5 selling transactions for $3.10 million activity. 94 Terex Corporation (NYSE:TEX) shares with value of $3,451 were bought by HENRY BRIAN J. BARR KEVIN A bought $235 worth of stock. 322 shares were bought by SHEEHAN JOHN D, worth $12,500. On Thursday, January 25 the insider COHEN ERIC I sold $505,038. FEARON MATTHEW sold 30,306 shares worth $1.20 million. $376,602 worth of Terex Corporation (NYSE:TEX) was bought by SACHS DAVID A.

Terex Corporation (NYSE:TEX) Institutional Positions Chart

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