PNC Financial Services Group Inc. Buys 4,103 Shares of Titan Machinery Inc. (NASDAQ:TITN)

PNC Financial Services Group Inc. lifted its position in Titan Machinery Inc. (NASDAQ:TITN) by 91.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,611 shares of the company’s stock after purchasing an additional 4,103 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Titan Machinery were worth $122,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TITN. US Bancorp DE boosted its position in Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after buying an additional 741 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Titan Machinery by 5.1% in the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock valued at $283,000 after acquiring an additional 962 shares during the last quarter. R Squared Ltd bought a new position in shares of Titan Machinery in the fourth quarter valued at approximately $26,000. Janus Henderson Group PLC boosted its holdings in shares of Titan Machinery by 6.8% in the 3rd quarter. Janus Henderson Group PLC now owns 39,262 shares of the company’s stock worth $547,000 after acquiring an additional 2,496 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Titan Machinery during the 3rd quarter worth approximately $41,000. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Trading Up 4.2 %

TITN stock opened at $17.77 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $24.89. The company has a market cap of $410.95 million, a P/E ratio of 13.26 and a beta of 1.28. The business has a fifty day moving average of $16.77 and a 200-day moving average of $15.15.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird reduced their price objective on Titan Machinery from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday. 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Titan Machinery currently has an average rating of “Hold” and an average target price of $19.00.

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.