UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $500,000 Stake in Titan Machinery Inc. (NASDAQ:TITN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,868 shares of the company’s stock after selling 3,364 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Titan Machinery worth $500,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. English Capital Management LLC grew its holdings in Titan Machinery by 84.9% in the third quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock worth $3,884,000 after purchasing an additional 128,073 shares during the period. American Century Companies Inc. grew its stake in shares of Titan Machinery by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock valued at $18,373,000 after buying an additional 117,577 shares during the period. Dana Investment Advisors Inc. grew its stake in shares of Titan Machinery by 32.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after buying an additional 95,221 shares during the period. First Eagle Investment Management LLC increased its position in Titan Machinery by 39.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock valued at $5,319,000 after buying an additional 94,250 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Titan Machinery by 28.8% during the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock worth $5,772,000 after buying an additional 81,248 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Trading Down 0.8 %

NASDAQ:TITN opened at $13.19 on Friday. The company has a 50-day moving average price of $14.71 and a 200-day moving average price of $15.08. The stock has a market cap of $305.03 million, a price-to-earnings ratio of 9.84 and a beta of 1.30. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $29.30.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The firm had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. During the same period in the prior year, the firm earned $1.32 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. Equities analysts predict that Titan Machinery Inc. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Northland Securities reiterated a “market perform” rating and set a $25.00 price objective on shares of Titan Machinery in a report on Friday, September 13th. B. Riley decreased their price objective on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Titan Machinery presently has an average rating of “Hold” and a consensus target price of $21.00.

About Titan Machinery

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.