75,400 Shares in Titan Machinery Inc. (NASDAQ:TITN) Bought by Royce & Associates LP

Royce & Associates LP acquired a new stake in Titan Machinery Inc. (NASDAQ:TITN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 75,400 shares of the company’s stock, valued at approximately $1,065,000. Royce & Associates LP owned 0.33% of Titan Machinery at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. English Capital Management LLC raised its holdings in shares of Titan Machinery by 84.9% during the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock valued at $3,884,000 after buying an additional 128,073 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Titan Machinery during the third quarter valued at approximately $41,000. FMR LLC lifted its position in shares of Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after purchasing an additional 3,092 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Titan Machinery by 21.2% in the third quarter. BNP Paribas Financial Markets now owns 78,510 shares of the company’s stock valued at $1,094,000 after purchasing an additional 13,757 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Titan Machinery during the 3rd quarter valued at $229,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TITN shares. Robert W. Baird cut their price objective on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Titan Machinery Stock Performance

Shares of Titan Machinery stock opened at $17.05 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. Titan Machinery Inc. has a 1 year low of $12.30 and a 1 year high of $24.92. The firm’s 50-day simple moving average is $16.70 and its 200-day simple moving average is $15.10. The firm has a market cap of $394.30 million, a PE ratio of 12.72 and a beta of 1.28.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, March 20th. The company reported ($1.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.87) by ($1.01). Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The firm had revenue of $759.90 million for the quarter, compared to the consensus estimate of $728.55 million. During the same period in the prior year, the business earned $1.05 EPS. The company’s quarterly revenue was down 10.8% on a year-over-year basis.

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.