Barclays PLC Acquires 23,637 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Barclays PLC increased its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 287.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,872 shares of the company’s stock after purchasing an additional 23,637 shares during the period. Barclays PLC owned 0.14% of Titan Machinery worth $444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Titan Machinery by 11.3% in the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after purchasing an additional 117,577 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Titan Machinery by 16.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock valued at $8,133,000 after buying an additional 84,330 shares in the last quarter. Dana Investment Advisors Inc. increased its stake in Titan Machinery by 32.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after acquiring an additional 95,221 shares during the last quarter. Victory Capital Management Inc. increased its stake in Titan Machinery by 28.8% in the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock worth $5,772,000 after acquiring an additional 81,248 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Titan Machinery by 28.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after acquiring an additional 75,710 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Northland Securities reissued a “market perform” rating and issued a $25.00 target price on shares of Titan Machinery in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Titan Machinery currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Titan Machinery Price Performance

Shares of Titan Machinery stock opened at $14.00 on Friday. The stock has a market cap of $323.76 million, a price-to-earnings ratio of 10.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The stock has a 50 day moving average price of $14.55 and a 200-day moving average price of $14.81. Titan Machinery Inc. has a one year low of $12.30 and a one year high of $28.29.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The company had revenue of $679.80 million during the quarter, compared to analyst estimates of $675.30 million. During the same period in the previous year, the firm earned $1.32 earnings per share. Titan Machinery’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities analysts expect that Titan Machinery Inc. will post 0.05 EPS for the current year.

About Titan Machinery

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.