Dimensional Fund Advisors LP Has $20.67 Million Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Dimensional Fund Advisors LP lowered its stake in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,462,922 shares of the company's stock after selling 46,304 shares during the period. Dimensional Fund Advisors LP owned approximately 6.32% of Titan Machinery worth $20,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Titan Machinery by 287.0% during the third quarter. Barclays PLC now owns 31,872 shares of the company's stock valued at $444,000 after purchasing an additional 23,637 shares during the period. R Squared Ltd bought a new stake in shares of Titan Machinery in the 4th quarter valued at $26,000. Empowered Funds LLC raised its stake in Titan Machinery by 5.1% during the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock worth $283,000 after buying an additional 962 shares during the period. Meixler Investment Management Ltd. bought a new position in Titan Machinery during the fourth quarter worth about $142,000. Finally, US Bancorp DE grew its stake in Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company's stock valued at $55,000 after acquiring an additional 741 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Titan Machinery

In other news, Chairman David Joseph Meyer purchased 22,524 shares of Titan Machinery stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $16.83 per share, for a total transaction of $379,078.92. Following the purchase, the chairman now directly owns 135,388 shares of the company's stock, valued at $2,278,580.04. This trade represents a 19.96 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 26,182 shares of company stock worth $439,661 over the last 90 days. Company insiders own 10.28% of the company's stock.

Titan Machinery Stock Performance

Shares of TITN stock traded up $0.38 on Friday, reaching $19.36. The stock had a trading volume of 160,661 shares, compared to its average volume of 273,721. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $24.25. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $446.94 million, a price-to-earnings ratio of 14.45 and a beta of 1.35. The firm's 50-day moving average is $16.24 and its two-hundred day moving average is $15.82.

Analyst Ratings Changes

Several research firms recently commented on TITN. Northland Securities raised shares of Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price objective on the stock in a research report on Friday, April 11th. Northland Capmk upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Robert W. Baird decreased their price target on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. B. Riley assumed coverage on shares of Titan Machinery in a research report on Thursday, March 27th. They issued a "neutral" rating and a $19.00 price objective on the stock. Finally, Baird R W upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.80.

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.