16,450 Shares in Titan Machinery Inc. (NASDAQ:TITN) Acquired by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in shares of Titan Machinery Inc. (NASDAQ:TITN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,450 shares of the company’s stock, valued at approximately $229,000. Verition Fund Management LLC owned about 0.07% of Titan Machinery at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Innealta Capital LLC acquired a new position in Titan Machinery during the 2nd quarter worth $36,000. Canada Pension Plan Investment Board acquired a new position in Titan Machinery during the 2nd quarter worth $37,000. nVerses Capital LLC lifted its holdings in Titan Machinery by 118.2% during the 2nd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $38,000 after buying an additional 1,300 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Titan Machinery in the 3rd quarter valued at $41,000. Finally, US Bancorp DE lifted its stake 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 valued at $43,000 after purchasing an additional 1,677 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TITN shares. B. Riley cut their price target on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd. Northland Securities reissued a “market perform” rating and issued a $25.00 price target on shares of Titan Machinery in a research note on Friday, September 13th. Finally, Northland Capmk downgraded Titan Machinery from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. 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. Based on data from MarketBeat.com, Titan Machinery currently has a consensus rating of “Hold” and an average target price of $21.00.

Titan Machinery Stock Performance

Shares of Titan Machinery stock opened at $14.77 on Monday. The company has a market capitalization of $341.63 million, a PE ratio of 11.02 and a beta of 1.30. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $29.30. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $14.66 and its 200 day simple moving average is $15.16.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. On average, research analysts predict that Titan Machinery Inc. will post 0.05 EPS for the current 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.