Titan Machinery Inc. $TITN Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Titan Machinery Inc. by 1,261.3%, acquiring an additional 32,857 shares for a total of 35,462 shares valued at approximately $604,000.
• Numerous institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Deutsche Bank AG, have also raised their holdings in Titan Machinery during recent quarters, with institutional ownership now at 78.38%.
• Titan Machinery reported earnings of ($0.26) per share for the last quarter, outperforming analysts' expectations, and had revenue of $546.43 million, exceeding forecasts of $503.80 million.

Russell Investments Group Ltd. increased its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 1,261.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,462 shares of the company's stock after buying an additional 32,857 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Titan Machinery worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund grew its holdings in Titan Machinery by 42.8% in the first quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock valued at $80,000 after purchasing an additional 1,400 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Titan Machinery by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 12,397 shares of the company's stock worth $175,000 after buying an additional 2,808 shares during the last quarter. Granahan Investment Management LLC acquired a new position in Titan Machinery in the fourth quarter valued at $195,000. GAMMA Investing LLC grew its position in Titan Machinery by 6,432.3% during the first quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock valued at $207,000 after acquiring an additional 11,964 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Titan Machinery by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company's stock worth $208,000 after purchasing an additional 1,197 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TITN. B. Riley boosted their target price on Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Lake Street Capital reissued a "hold" rating and issued a $18.00 target price (up previously from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of Titan Machinery from a "sell" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Titan Machinery presently has an average rating of "Buy" and an average target price of $22.25.

Titan Machinery Stock Down 1.5%

NASDAQ:TITN traded down $0.31 on Wednesday, reaching $20.33. The stock had a trading volume of 83,065 shares, compared to its average volume of 246,143. The company has a 50-day moving average of $19.93 and a 200 day moving average of $18.40. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33. The stock has a market cap of $469.32 million, a P/E ratio of -7.52 and a beta of 1.30. Titan Machinery Inc. has a 12-month low of $12.50 and a 12-month high of $23.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $546.43 million during the quarter, compared to the consensus estimate 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.