Trexquant Investment LP Grows Position in Titan Machinery Inc. $TITN

Key Points

• Trexquant Investment LP increased its stake in Titan Machinery by 87.0% in Q1, now owning 60,936 shares valued at approximately $1,038,000.
• The stock has received mixed ratings from analysts, with B. Riley raising the price target from $19.00 to $22.00, while Wall Street Zen downgraded it to a "sell" rating.
• Titan Machinery reported a quarterly revenue of $546.43 million, surpassing analyst estimates, despite a reported EPS of ($0.26).

Trexquant Investment LP increased its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 87.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,936 shares of the company's stock after purchasing an additional 28,345 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of Titan Machinery worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its stake in shares of Titan Machinery by 42.8% in the 1st 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 lifted its stake in shares of Titan Machinery by 29.3% in the 4th 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 period. Granahan Investment Management LLC purchased a new position in shares of Titan Machinery in the 4th quarter valued at approximately $195,000. GAMMA Investing LLC lifted its stake in shares of Titan Machinery by 6,432.3% in the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock valued at $207,000 after purchasing an additional 11,964 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake 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 valued at $208,000 after purchasing an additional 1,197 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

TITN has been the subject of a number of analyst reports. B. Riley raised 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. Wall Street Zen lowered Titan Machinery from a "hold" rating to a "sell" rating in a research report on Sunday. Finally, Lake Street Capital reaffirmed a "hold" rating and set a $18.00 price objective (up previously from $15.00) on shares of Titan Machinery in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $22.25.

Titan Machinery Stock Up 0.9%

Titan Machinery stock opened at $20.64 on Friday. The firm has a market cap of $476.37 million, a price-to-earnings ratio of -7.64 and a beta of 1.30. The stock has a fifty day simple moving average of $19.99 and a two-hundred day simple moving average of $18.44. Titan Machinery Inc. has a 12 month low of $12.50 and a 12 month high of $23.41. 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 (NASDAQ:TITN - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, topping analysts' consensus estimates of ($0.56) by $0.30. The business had revenue of $546.43 million during the quarter, compared to analyst estimates of $503.80 million. Titan Machinery had a negative return on equity of 9.91% and a negative net margin of 2.37%. 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.

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