Deutsche Bank AG Has $10.99 Million Stock Holdings in Titan Machinery Inc. $TITN

Key Points

• Deutsche Bank AG increased its stake in Titan Machinery by 7.9%, acquiring an additional 47,033 shares, bringing their total holdings to 644,747 shares, which are valued at approximately $10.99 million.
• Several institutional investors have recently increased their holdings, with Russell Investments Group Ltd. boosting their stake by 51.2% and New York State Common Retirement Fund increasing theirs by 42.8%.
• Analysts have mixed ratings on Titan Machinery, with an average price target of $21.00, while B. Riley upgraded their price objective from $19.00 to $22.00 and Wall Street Zen downgraded their rating to "sell."

Deutsche Bank AG lifted its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 644,747 shares of the company's stock after acquiring an additional 47,033 shares during the quarter. Deutsche Bank AG owned 2.79% of Titan Machinery worth $10,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TITN. Russell Investments Group Ltd. raised its stake in Titan Machinery by 51.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock valued at $37,000 after buying an additional 882 shares in the last quarter. New York State Common Retirement Fund raised its stake in Titan Machinery by 42.8% during the first quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock valued at $80,000 after buying an additional 1,400 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Titan Machinery by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 12,397 shares of the company's stock valued at $175,000 after purchasing an additional 2,808 shares during the last quarter. LPL Financial LLC bought a new position in shares of Titan Machinery during the fourth quarter valued at approximately $175,000. Finally, Granahan Investment Management LLC bought a new position in shares of Titan Machinery during the fourth quarter valued at approximately $195,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Up 1.1%

Shares of NASDAQ TITN traded up $0.2270 during mid-day trading on Tuesday, reaching $19.9970. The company had a trading volume of 17,621 shares, compared to its average volume of 248,919. Titan Machinery Inc. has a twelve month low of $12.50 and a twelve month high of $23.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.18 and a current ratio of 1.33. The stock has a market capitalization of $461.63 million, a PE ratio of -7.60 and a beta of 1.37. The stock's 50 day moving average is $19.76 and its 200-day moving average is $18.29.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($0.79) by $0.21. Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.22%. The business had revenue of $594.34 million for the quarter, compared to the consensus estimate of $445.76 million. Titan Machinery has set its FY 2026 guidance at -2.000--1.250 EPS.

Analyst Ratings Changes

TITN has been the subject of several recent research reports. Wall Street Zen lowered Titan Machinery from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Lake Street Capital restated a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Titan Machinery in a research report on Friday, May 23rd. Finally, B. Riley increased their price objective on Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Titan Machinery has an average rating of "Buy" and an average price target of $22.25.

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.