Royal Bank of Canada Boosts Stake in Terex Corporation
Royal Bank of Canada increased its stake in Terex Corporation by 19.1% during the first quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 173,726 shares of Terex's stock after acquiring an additional 27,801 shares during the period.
The value of Royal Bank of Canada's holdings in Terex is approximately $10.3 million at the end of the most recent quarter, which represents about 0.15% of the company's outstanding shares.
Terex Corporation reported quarterly earnings results on July 30th, beating analysts' expectations with earnings per share (EPS) of $1.37. The company also raised its FY 2026 guidance to a range of $4.7-5.1 EPS and has set a target price of $81.00 by Evercore.
Several other institutional investors have also modified their holdings in Terex, including UMB Bank n.a., M&T Bank Corp, Drum Hill Capital LLC, Kestra Advisory Services LLC, and California State Teachers Retirement System. These investors collectively own over 92% of the company's outstanding shares.