Titan Machinery Inc. (NASDAQ:TITN) Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in Titan Machinery Inc. (NASDAQ:TITN) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 354,111 shares of the company’s stock after selling 1,970 shares during the quarter. Victory Capital Management Inc. owned approximately 1.53% of Titan Machinery worth $5,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TITN. R Squared Ltd acquired a new stake in shares of Titan Machinery in the 4th quarter valued at $26,000. Truvestments Capital LLC bought a new position in shares of Titan Machinery during the 3rd quarter worth approximately $41,000. US Bancorp DE grew its holdings in shares of Titan Machinery by 116.2% in the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after purchasing an additional 1,677 shares during the last quarter. FMR LLC raised its stake in shares of Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after acquiring an additional 3,092 shares during the last quarter. Finally, Meixler Investment Management Ltd. acquired a new stake in shares of Titan Machinery in the fourth quarter valued at $142,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Trading Up 3.2 %

TITN opened at $14.49 on Friday. The firm’s fifty day moving average is $16.56 and its two-hundred day moving average is $15.08. The firm has a market cap of $335.10 million, a PE ratio of 10.81 and a beta of 1.28. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $27.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Analysts Set New Price Targets

A number of research analysts have commented on TITN shares. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $25.00 in a research report on Monday, January 27th. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.20.

Titan Machinery Company 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.