Dana Investment Advisors Inc. Acquires 95,221 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Dana Investment Advisors Inc. boosted its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 32.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,548 shares of the company’s stock after purchasing an additional 95,221 shares during the period. Dana Investment Advisors Inc. owned 1.69% of Titan Machinery worth $6,114,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Titan Machinery by 11.3% during the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock valued at $18,373,000 after purchasing an additional 117,577 shares during the period. First Eagle Investment Management LLC raised its stake in Titan Machinery by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock worth $5,319,000 after buying an additional 94,250 shares during the period. Victory Capital Management Inc. lifted its holdings in Titan Machinery by 28.8% during the second 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 in the last quarter. Squarepoint Ops LLC grew its stake in Titan Machinery by 552.2% in the second quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock valued at $1,394,000 after acquiring an additional 74,209 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Titan Machinery in the first quarter valued at about $1,095,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

TITN has been the topic of a number of research analyst reports. Northland Capmk lowered Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Northland Securities reaffirmed a “market perform” rating and issued a $25.00 price target on shares of Titan Machinery in a research note on Friday, September 13th. Lake Street Capital downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Thursday, August 15th. B. Riley cut their price objective on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd. Finally, Craig Hallum reduced their target price on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

Titan Machinery Stock Up 0.8 %

Titan Machinery stock opened at $14.04 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30. The company has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $18.32. The company has a market cap of $324.75 million, a P/E ratio of 3.38 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The company had revenue of $633.70 million during the quarter, compared to analyst estimates of $645.28 million. During the same period in the prior year, the firm posted $1.38 EPS. Titan Machinery’s revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that Titan Machinery Inc. will post 0.21 earnings per share for the current fiscal year.

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.