Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Patrick S. Carroll, President of Environmental Solutions at Terex Corp (NYSE:TEX), has purchased 52 shares of the company’s common stock, according to a recent SEC filing. The timing is notable as the stock trades near its 52-week low of $43.23, with InvestingPro analysis indicating the company is currently undervalued. The shares were acquired on February 7 at a price of $44.67 each, resulting in a total transaction value of $2,322. This purchase was executed through payroll deductions as part of the company’s Deferred Compensation Plan. Following this transaction, Carroll now holds a total of 70,936 shares, which includes previously reported restricted stock units. The $3 billion market cap company currently trades at an attractive P/E ratio of 9x, with InvestingPro data showing 8 additional key insights about Terex’s financial health and market position available to subscribers.
In other recent news, Terex Corporation released their financial results, demonstrating their commitment to transparency and shareholder communication. The company also announced the appointment of Jennifer Kong-Picarello as the new Senior Vice President and Chief Financial Officer, further strengthening their executive leadership team. Barclays (LON:BARC), a financial analyst firm, maintained an Equalweight rating on Terex but reduced the price target from $60.00 to $52.00, reflecting recent business performance and market trends.
Meanwhile, Wabtec Corporation received an Overweight rating from KeyBanc Capital Markets, highlighting the company’s competitive position and potential for growth. The firm noted Wabtec’s significant order backlog and international exposure as key factors.
These are recent developments in the operations of both companies. It’s crucial to note that while these reports provide insights into the companies’ performance, they do not speculate on future market conditions or prospects. The analysis from Barclays and KeyBanc Capital Markets are based on current market conditions and the companies’ recent performances.
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