117,000 Shares in Ternium SA (TX) Purchased by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP purchased a new stake in Ternium SA (NYSE:TX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 117,000 shares of the basic materials company’s stock, valued at approximately $3,695,000. River & Mercantile Asset Management LLP owned about 0.06% of Ternium at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Atria Investments LLC lifted its stake in Ternium by 22.5% in the fourth quarter. Atria Investments LLC now owns 9,952 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 1,825 shares during the last quarter. Advisor Group Inc. lifted its stake in Ternium by 141.1% in the second quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 2,380 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Ternium by 1.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 221,429 shares of the basic materials company’s stock worth $6,995,000 after purchasing an additional 3,243 shares during the last quarter. DnB Asset Management AS lifted its stake in Ternium by 11.0% in the fourth quarter. DnB Asset Management AS now owns 34,200 shares of the basic materials company’s stock worth $1,080,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Ternium by 34.1% in the second quarter. Ameriprise Financial Inc. now owns 14,445 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 3,673 shares during the last quarter. 19.44% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on TX. Scotiabank set a $43.00 price objective on shares of Ternium and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 25th. ValuEngine raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Santander raised shares of Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Morgan Stanley raised shares of Ternium from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 6th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.08.

Ternium SA (TX) opened at $34.07 on Tuesday. The company has a market cap of $6,617.65, a P/E ratio of 7.88, a PEG ratio of 1.14 and a beta of 1.15. Ternium SA has a 1 year low of $22.22 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.52.

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Ternium Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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