Empowered Funds LLC Has $265,000 Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Empowered Funds LLC trimmed its position in Titan Machinery Inc. (NASDAQ:TITN) by 75.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19,038 shares of the company’s stock after selling 58,750 shares during the period. Empowered Funds LLC’s holdings in Titan Machinery were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Innealta Capital LLC bought a new stake in Titan Machinery during the second quarter valued at about $36,000. Canada Pension Plan Investment Board acquired a new position in shares of Titan Machinery during the 2nd quarter worth about $37,000. nVerses Capital LLC boosted its stake in Titan Machinery by 118.2% during the 2nd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $38,000 after purchasing an additional 1,300 shares during the period. US Bancorp DE grew its holdings in Titan Machinery by 116.2% in the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock valued at $43,000 after buying an additional 1,677 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Titan Machinery in the 3rd quarter worth approximately $105,000. 78.38% of the stock is owned by institutional investors.

Titan Machinery Stock Up 1.8 %

Shares of NASDAQ TITN opened at $15.42 on Tuesday. Titan Machinery Inc. has a 52-week low of $12.30 and a 52-week high of $29.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27. The business has a fifty day moving average of $14.24 and a two-hundred day moving average of $15.79. The stock has a market cap of $356.66 million, a PE ratio of 5.95 and a beta of 1.25.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The firm had revenue of $633.70 million for the quarter, compared to analyst estimates of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 EPS. As a group, equities research analysts expect that Titan Machinery Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Lake Street Capital downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Thursday, August 15th. B. Riley reduced their target price on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. Craig Hallum lowered their price target on Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Northland Capmk downgraded Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Titan Machinery presently has a consensus rating of “Hold” and a consensus price target of $21.00.

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.