Aristotle Capital Boston LLC Sells 43,037 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Aristotle Capital Boston LLC reduced its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 424,013 shares of the company's stock after selling 43,037 shares during the quarter. Aristotle Capital Boston LLC owned approximately 1.83% of Titan Machinery worth $5,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of Titan Machinery by 1.6% during the 4th quarter. Northern Trust Corp now owns 184,160 shares of the company's stock worth $2,602,000 after purchasing an additional 2,894 shares during the period. Voya Investment Management LLC increased its position in shares of Titan Machinery by 5.7% in the fourth quarter. Voya Investment Management LLC now owns 174,208 shares of the company's stock worth $2,462,000 after acquiring an additional 9,401 shares in the last quarter. Dauntless Investment Group LLC purchased a new position in Titan Machinery in the fourth quarter valued at about $738,000. Price T Rowe Associates Inc. MD lifted its position in Titan Machinery by 8.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company's stock worth $208,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Titan Machinery during the fourth quarter valued at about $604,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Northland Securities raised Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price objective on the stock in a research note on Friday, April 11th. B. Riley assumed coverage on Titan Machinery in a report on Thursday, March 27th. They issued a "neutral" rating and a $19.00 price target on the stock. Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Finally, Robert W. Baird lowered their target price on 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, two have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.80.

Titan Machinery Stock Up 0.8 %

Shares of TITN traded up $0.16 during midday trading on Friday, hitting $19.14. The stock had a trading volume of 60,747 shares, compared to its average volume of 271,951. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The firm has a market cap of $441.87 million, a price-to-earnings ratio of 14.28 and a beta of 1.35. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $24.28. The company has a 50 day simple moving average of $16.16 and a two-hundred day simple moving average of $15.78.

Insider Buying and Selling

In related news, Chairman David Joseph Meyer purchased 22,524 shares of Titan Machinery stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $16.83 per share, with a total value of $379,078.92. Following the completion of the transaction, the chairman now directly owns 135,388 shares of the company's stock, valued at $2,278,580.04. This represents a 19.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 26,182 shares of company stock worth $439,661. Insiders own 10.28% of the company's stock.

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.