US Bancorp DE Buys 741 Shares of Titan Machinery Inc. (NASDAQ:TITN)

US Bancorp DE lifted its stake in Titan Machinery Inc. (NASDAQ:TITN) 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TITN shares. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $14.00 to $25.00 in a research report on Monday, January 27th. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.20.

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.