Titan Machinery Inc. (NASDAQ:TITN) is Praetorian PR LLC's 9th Largest Position

Praetorian PR LLC cut its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 459,500 shares of the company's stock after selling 145,500 shares during the period. Titan Machinery makes up 2.6% of Praetorian PR LLC's holdings, making the stock its 9th largest position. Praetorian PR LLC owned approximately 1.99% of Titan Machinery worth $6,493,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TITN. Barclays PLC lifted its holdings in Titan Machinery by 287.0% in the third quarter. Barclays PLC now owns 31,872 shares of the company's stock valued at $444,000 after acquiring an additional 23,637 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Titan Machinery by 91.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock valued at $122,000 after purchasing an additional 4,103 shares during the period. JPMorgan Chase & Co. boosted its holdings in Titan Machinery by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 176,652 shares of the company's stock worth $2,496,000 after buying an additional 3,626 shares in the last quarter. Empowered Funds LLC grew its position in Titan Machinery by 5.1% during the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock valued at $283,000 after buying an additional 962 shares during the period. Finally, US Bancorp DE increased its holdings in Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company's stock valued at $55,000 after buying an additional 741 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Trading Up 0.3 %

Shares of TITN traded up $0.05 during midday trading on Wednesday, reaching $17.80. The company had a trading volume of 38,386 shares, compared to its average volume of 270,912. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $24.28. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $15.74. The stock has a market cap of $410.93 million, a PE ratio of 13.23 and a beta of 1.35.

Insiders Place Their Bets

In other Titan Machinery news, Chairman David Joseph Meyer acquired 22,524 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $16.83 per share, with a total value of $379,078.92. Following the transaction, the chairman now owns 135,388 shares of the company's stock, valued at $2,278,580.04. This trade represents a 19.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 26,182 shares of company stock valued at $439,661 over the last ninety days. Company insiders own 10.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on TITN. Northland Securities upgraded Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research report on Friday, April 11th. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Robert W. Baird dropped their price target on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. B. Riley started coverage on shares of Titan Machinery in a research report on Thursday, March 27th. They set a "neutral" rating and a $19.00 price objective for the company. Finally, Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.80.

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.