ExodusPoint Capital Management LP purchased a new position in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,466 shares of the company's stock, valued at approximately $374,000. ExodusPoint Capital Management LP owned about 0.11% of Titan Machinery as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Trexquant Investment LP increased its holdings in Titan Machinery by 39.5% during the 4th quarter. Trexquant Investment LP now owns 32,591 shares of the company's stock worth $461,000 after purchasing an additional 9,226 shares during the period. Geode Capital Management LLC raised its holdings in shares of Titan Machinery by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 482,744 shares of the company's stock valued at $6,823,000 after purchasing an additional 8,958 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Titan Machinery by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 176,652 shares of the company's stock worth $2,496,000 after buying an additional 3,626 shares during the period. WINTON GROUP Ltd bought a new stake in Titan Machinery during the fourth quarter valued at about $334,000. Finally, Vanguard Group Inc. increased its position in shares of Titan Machinery by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,193,202 shares of the company's stock worth $16,860,000 after purchasing an additional 4,955 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
TITN has been the subject of several recent research reports. Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Northland Securities raised shares of Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research note on Friday, April 11th. Baird R W raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. B. Riley started coverage on Titan Machinery in a research report on Thursday, March 27th. They issued a "neutral" rating and a $19.00 target price on the stock. Finally, Robert W. Baird dropped their price target on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.80.
Check Out Our Latest Stock Report on TITN
Insider Transactions at Titan Machinery
In related news, Chairman David Joseph Meyer purchased 3,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $16.86 per share, for a total transaction of $50,580.00. Following the transaction, the chairman now directly owns 138,388 shares of the company's stock, valued at $2,333,221.68. This trade represents a 2.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired 26,182 shares of company stock valued at $439,661 in the last quarter. Insiders own 10.28% of the company's stock.
Titan Machinery Stock Performance
Shares of Titan Machinery stock traded up $0.35 during trading on Friday, hitting $16.34. 196,537 shares of the stock were exchanged, compared to its average volume of 267,897. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $24.28. The stock's fifty day moving average is $16.40 and its 200 day moving average is $15.47. 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 stock has a market cap of $377.85 million, a PE ratio of 12.19 and a beta of 1.27.
Titan Machinery Profile
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Free Report)
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.
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