Dimensional Fund Advisors LP Has $18.42 Million Holdings in Titan Machinery Inc. $TITN

Key Points

• Dimensional Fund Advisors reduced its Titan Machinery stake by 11.9% in the first quarter, selling 148,856 shares. It still held 1.10 million shares valued at $18.42 million, representing 4.73% of the company.
• Institutional investors and hedge funds own 78.38% of Titan Machinery, with several major holders—including Nantahala Capital, Vanguard, Royce & Associates, and Stephens Investment Management—adding to their positions.
• Titan Machinery reported a quarterly loss of $0.55 per share but beat estimates, while revenue of $522.4 million exceeded expectations. Analysts maintain a “Reduce” consensus rating with a $17 price target, below the stock’s $19.09 opening price.

Dimensional Fund Advisors LP trimmed its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,101,513 shares of the company's stock after selling 148,856 shares during the quarter. Dimensional Fund Advisors LP owned 4.73% of Titan Machinery worth $18,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Titan Machinery by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,554 shares of the company's stock valued at $30,426,000 after purchasing an additional 23,272 shares in the last quarter. Nantahala Capital Management LLC increased its holdings in Titan Machinery by 11.3% in the 4th quarter. Nantahala Capital Management LLC now owns 1,220,520 shares of the company's stock worth $18,357,000 after purchasing an additional 124,288 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Titan Machinery by 4.1% during the third quarter. Vanguard Group Inc. now owns 1,214,954 shares of the company's stock valued at $20,338,000 after acquiring an additional 48,343 shares during the last quarter. Royce & Associates LP lifted its holdings in Titan Machinery by 18.7% during the 4th quarter. Royce & Associates LP now owns 743,175 shares of the company's stock worth $11,177,000 after buying an additional 117,108 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in Titan Machinery by 21.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 680,469 shares of the company's stock valued at $11,377,000 after purchasing an additional 120,880 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Price Performance

Shares of TITN stock opened at $19.09 on Friday. The business's 50 day moving average price is $19.86 and its 200-day moving average price is $19.08. Titan Machinery Inc. has a fifty-two week low of $13.21 and a fifty-two week high of $25.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 1.38. The firm has a market cap of $444.80 million, a P/E ratio of -8.12 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.05. The company had revenue of $522.38 million during the quarter, compared to the consensus estimate of $485.61 million. Titan Machinery had a negative net margin of 2.28% and a negative return on equity of 8.44%. During the same quarter last year, the firm earned ($0.58) earnings per share. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS. On average, equities research analysts anticipate that Titan Machinery Inc. will post -1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

TITN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Titan Machinery in a report on Monday, June 29th. Wall Street Zen upgraded shares of Titan Machinery from a "sell" rating to a "hold" rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $17.00.

Titan Machinery Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.

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