MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 868,401 shares of the company's stock after purchasing an additional 48,445 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.75% of Titan Machinery worth $12,270,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of TITN. American Century Companies Inc. grew its stake in shares of Titan Machinery by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,229,637 shares of the company's stock worth $17,375,000 after acquiring an additional 5,938 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Titan Machinery by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,193,202 shares of the company's stock worth $16,860,000 after acquiring an additional 4,955 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Titan Machinery by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 920,090 shares of the company's stock worth $13,001,000 after acquiring an additional 17,689 shares in the last quarter. Voss Capital LP grew its stake in shares of Titan Machinery by 141.7% during the 4th quarter. Voss Capital LP now owns 684,459 shares of the company's stock worth $9,671,000 after acquiring an additional 401,302 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Titan Machinery by 42.4% during the 4th quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company's stock worth $8,966,000 after acquiring an additional 188,998 shares in the last quarter. 78.38% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on TITN. Robert W. Baird decreased their price target on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Northland Securities upgraded shares of Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a report on Friday, April 11th. B. Riley started coverage on shares of Titan Machinery in a report on Thursday, March 27th. They set a "neutral" rating and a $19.00 target price on the stock. Northland Capmk upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Baird R W upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $19.80.
Check Out Our Latest Report on TITN
Titan Machinery Stock Performance
Shares of NASDAQ:TITN traded down $0.23 on Tuesday, hitting $20.63. The company had a trading volume of 138,814 shares, compared to its average volume of 272,138. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $24.17. The stock has a market cap of $476.26 million, a price-to-earnings ratio of 15.40 and a beta of 1.35. The stock has a 50 day moving average price of $16.96 and a 200 day moving average price of $16.12. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20.
Insider Buying and Selling at Titan Machinery
In other Titan Machinery news, Chairman David Joseph Meyer bought 22,524 shares of Titan Machinery stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $16.83 per share, with a total value of $379,078.92. Following the completion of the transaction, the chairman now owns 135,388 shares in the company, valued at $2,278,580.04. The trade was a 19.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 26,182 shares of company stock worth $439,661 over the last ninety days. Insiders own 10.28% of the company's stock.
About Titan Machinery
(
Free Report)
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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