Vanguard Group Inc. Decreases Holdings in Titan Machinery Inc. $TITN

Key Points

• Vanguard Group Inc. reduced its stake in Titan Machinery Inc. by 3.0%, now holding approximately 1,156,966 shares valued at $19.7 million.
• Multiple institutional investors have adjusted their positions: MIRAE ASSET GLOBAL ETFS HOLDINGS increased its stake by 5.9%, while Royce & Associates boosted its holdings by an impressive 500.2%.
• Analysts have mixed views on Titan Machinery, with one firm raising its price target from $19.00 to $22.00, and the stock currently has a consensus rating of "Buy" and an average target price of $22.25.

Vanguard Group Inc. cut its holdings in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,156,966 shares of the company's stock after selling 36,236 shares during the quarter. Vanguard Group Inc. owned approximately 5.01% of Titan Machinery worth $19,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TITN. New York State Common Retirement Fund lifted 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 worth $80,000 after buying an additional 1,400 shares during the period. Wells Fargo & Company MN raised its holdings in Titan Machinery by 29.3% in 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 in the last quarter. Granahan Investment Management LLC bought a new stake in shares of Titan Machinery during the 4th quarter valued at $195,000. GAMMA Investing LLC grew its position 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 worth $207,000 after buying an additional 11,964 shares during the period. Finally, Price T Rowe Associates Inc. MD increased 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 worth $208,000 after acquiring an additional 1,197 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Titan Machinery Trading Down 1.8%

Shares of NASDAQ TITN traded down $0.37 during midday trading on Wednesday, hitting $20.27. The company's stock had a trading volume of 78,035 shares, compared to its average volume of 246,090. 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 firm has a market cap of $467.89 million, a P/E ratio of -7.51 and a beta of 1.30. The business's 50 day moving average is $19.93 and its two-hundred day moving average is $18.40. 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 announced its quarterly earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.56) by $0.30. The firm 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on TITN. Wall Street Zen raised Titan Machinery from a "sell" rating to a "hold" rating in a research report on Saturday. B. Riley increased their price target on Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Finally, Lake Street Capital reiterated 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 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $22.25.

Titan Machinery Company 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.