EVR Research LP Acquires New Position in Titan Machinery Inc. $TITN

Key Points

• EVR Research LP has acquired a new stake in Titan Machinery Inc., purchasing 180,000 shares valued at approximately $3,067,000, making Titan Machinery the firm's 19th largest holding.
• Several large investors, including SummerHaven Investment Management and New York State Common Retirement Fund, have recently increased their stakes in Titan Machinery, indicating growing institutional interest in the company.
• Analyst ratings for Titan Machinery vary, with Lake Street Capital maintaining a "hold" rating and a target price increase to $18.00, while B. Riley set a higher target price of $22.00 with a "neutral" rating.

EVR Research LP bought a new stake in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 180,000 shares of the company's stock, valued at approximately $3,067,000. Titan Machinery comprises about 0.9% of EVR Research LP's holdings, making the stock its 19th biggest position. EVR Research LP owned about 0.78% of Titan Machinery at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its holdings in shares of 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 worth $80,000 after purchasing an additional 1,400 shares during the last quarter. Wells Fargo & Company MN boosted 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 worth $175,000 after purchasing an additional 2,808 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Titan Machinery during the fourth quarter worth $175,000. Granahan Investment Management LLC acquired a new stake in shares of Titan Machinery during the fourth quarter worth $195,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Titan Machinery by 6,432.3% during the first quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock worth $207,000 after purchasing an additional 11,964 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

TITN has been the topic of several analyst reports. Lake Street Capital restated a "hold" rating and set a $18.00 price objective (up previously from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Wall Street Zen upgraded Titan Machinery from a "sell" rating to a "hold" rating in a report on Saturday. Finally, B. Riley lifted their target price on Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $22.25.

Titan Machinery Stock Up 1.6%

NASDAQ:TITN traded up $0.32 during mid-day trading on Friday, hitting $20.00. The company had a trading volume of 216,144 shares, compared to its average volume of 147,934. The business has a fifty day simple moving average of $19.88 and a 200-day simple moving average of $18.37. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33. Titan Machinery Inc. has a 1 year low of $12.50 and a 1 year high of $23.41. The firm has a market capitalization of $461.70 million, a price-to-earnings ratio of -7.41 and a beta of 1.37.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.30. Titan Machinery had a negative return on equity of 9.91% and a negative net margin of 2.37%.The company had revenue of $546.43 million for the quarter, compared to analyst estimates of $503.80 million. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

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.