Robecosam AG Makes New $294,000 Investment in Trex Company Inc (NYSE:TREX)

Robecosam AG acquired a new position in shares of Trex Company Inc (NYSE:TREX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,218 shares of the construction company’s stock, valued at approximately $294,000.

Other large investors have also recently bought and sold shares of the company. Parametrica Management Ltd bought a new position in shares of Trex in the 1st quarter valued at about $281,000. Motley Fool Asset Management LLC grew its holdings in shares of Trex by 19.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 35,582 shares of the construction company’s stock valued at $2,189,000 after acquiring an additional 5,880 shares in the last quarter. Timpani Capital Management LLC bought a new position in shares of Trex in the 1st quarter valued at about $1,404,000. Virtu Financial LLC bought a new position in shares of Trex in the 1st quarter valued at about $628,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Trex in the 1st quarter valued at about $246,000. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

Trex stock traded down $2.80 during midday trading on Wednesday, reaching $81.19. 17,506 shares of the company’s stock were exchanged, compared to its average volume of 855,734. Trex Company Inc has a 52 week low of $50.88 and a 52 week high of $90.74. The company has a current ratio of 3.51, a quick ratio of 2.99 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 3.43 and a beta of 2.12. The firm has a 50-day moving average price of $73.84.



Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, July 29th. The construction company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. Trex had a return on equity of 35.94% and a net margin of 17.61%. The business had revenue of $206.45 million during the quarter, compared to analysts’ expectations of $201.70 million. During the same quarter last year, the company posted $0.73 earnings per share. Trex’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that Trex Company Inc will post 2.38 earnings per share for the current year.

Several brokerages have recently weighed in on TREX. B. Riley cut Trex from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $72.00 in a report on Tuesday, April 30th. Zacks Investment Research cut Trex from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. DA Davidson raised their price objective on Trex to $87.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. SunTrust Banks raised their price objective on Trex to $70.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, Berenberg Bank restated a “buy” rating and issued a $80.00 price objective on shares of Trex in a report on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.78.

In other Trex news, VP Christopher Paul Gerhard sold 9,724 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $81.10, for a total transaction of $788,616.40. Following the completion of the sale, the vice president now directly owns 25,810 shares in the company, valued at $2,093,191. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James E. Cline sold 11,144 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $82.36, for a total transaction of $917,819.84. Following the sale, the insider now owns 89,408 shares of the company’s stock, valued at $7,363,642.88. The disclosure for this sale can be found here. Insiders have sold 87,275 shares of company stock valued at $6,487,036 in the last quarter. 0.93% of the stock is currently owned by corporate insiders.

Trex Company Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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