23,660 Shares in Titan Machinery Inc. (NASDAQ:TITN) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in shares of Titan Machinery Inc. (NASDAQ:TITN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,660 shares of the company’s stock, valued at approximately $334,000.

Other large investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Titan Machinery during the 4th quarter valued at $26,000. US Bancorp DE raised its position in shares of Titan Machinery by 23.8% in the 4th quarter. US Bancorp DE now owns 3,861 shares of the company’s stock worth $55,000 after buying an additional 741 shares during the period. FMR LLC boosted its holdings in Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after acquiring an additional 3,092 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Titan Machinery by 91.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company’s stock valued at $122,000 after acquiring an additional 4,103 shares during the period. Finally, Meixler Investment Management Ltd. acquired a new stake in Titan Machinery during the fourth quarter worth about $142,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Trading Down 4.4 %

NASDAQ TITN opened at $17.27 on Monday. The firm has a market capitalization of $399.39 million, a PE ratio of 12.89 and a beta of 1.28. Titan Machinery Inc. has a one year low of $12.30 and a one year high of $24.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The company has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $15.28.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. B. Riley started coverage on shares of Titan Machinery in a research note on Thursday. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Robert W. Baird cut their target price on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Titan Machinery has an average rating of “Hold” and a consensus target price of $19.80.

Insider Buying and Selling

In other Titan Machinery news, Chairman David Joseph Meyer purchased 3,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were bought at an average price of $16.86 per share, with a total value of $50,580.00. Following the completion of the acquisition, the chairman now owns 138,388 shares in the company, valued at approximately $2,333,221.68. This represents a 2.22 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.28% of the stock is owned by company insiders.

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.