US Bancorp DE Boosts Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

US Bancorp DE raised its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 116.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,120 shares of the company’s stock after purchasing an additional 1,677 shares during the period. US Bancorp DE’s holdings in Titan Machinery were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TITN. Sei Investments Co. increased its position in Titan Machinery by 5.6% during the 1st quarter. Sei Investments Co. now owns 286,964 shares of the company’s stock valued at $7,120,000 after purchasing an additional 15,163 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Titan Machinery in the 1st quarter worth approximately $276,000. Vanguard Group Inc. grew its position in shares of Titan Machinery by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock worth $28,886,000 after buying an additional 9,548 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of Titan Machinery by 40.5% in the 1st quarter. Quadrature Capital Ltd now owns 29,266 shares of the company’s stock worth $726,000 after buying an additional 8,440 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Titan Machinery by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,789 shares of the company’s stock worth $318,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

TITN has been the topic of a number of analyst reports. Craig Hallum cut their price objective on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Lake Street Capital downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Thursday, August 15th. Northland Securities reissued a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a research report on Friday, September 13th. Northland Capmk downgraded shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird dropped their target price on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.00.

Titan Machinery Stock Down 1.3 %

TITN stock opened at $14.44 on Monday. The firm’s fifty day simple moving average is $14.08 and its 200-day simple moving average is $16.16. The company has a market capitalization of $333.97 million, a P/E ratio of 5.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.13. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $29.30.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). The business had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $645.28 million. Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.38 earnings per share. As a group, equities research analysts forecast that Titan Machinery Inc. will post 0.21 earnings per share for the current year.

Titan Machinery Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.