US Bancorp DE lifted its stake in Titan Machinery Inc. (NASDAQ:TITN – Free Report) by 23.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,861 shares of the company’s stock after acquiring an additional 741 shares during the quarter. US Bancorp DE’s holdings in Titan Machinery were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Titan Machinery during the fourth quarter valued at approximately $26,000. Truvestments Capital LLC bought a new stake in Titan Machinery during the third quarter valued at approximately $41,000. FMR LLC grew its position in Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after buying an additional 3,092 shares during the period. Meixler Investment Management Ltd. bought a new stake in Titan Machinery during the fourth quarter valued at approximately $142,000. Finally, Verition Fund Management LLC bought a new stake in Titan Machinery during the third quarter valued at approximately $229,000. 78.38% of the stock is currently owned by institutional investors.
Titan Machinery Stock Down 3.3 %
NASDAQ:TITN opened at $13.86 on Wednesday. The company has a market cap of $320.53 million, a price-to-earnings ratio of 10.34 and a beta of 1.28. The stock has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $15.08. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $27.13. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20.
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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.
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