Titan Machinery Inc. $TITN Position Boosted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 30.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 559,589 shares of the company’s stock after buying an additional 129,215 shares during the period. Stephens Investment Management Group LLC owned about 2.39% of Titan Machinery worth $8,416,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TITN. Strs Ohio grew its position in shares of Titan Machinery by 11.5% during the 4th quarter. Strs Ohio now owns 35,800 shares of the company’s stock valued at $538,000 after buying an additional 3,700 shares during the last quarter. R Squared Ltd lifted its holdings in Titan Machinery by 45.1% in the fourth quarter. R Squared Ltd now owns 19,894 shares of the company’s stock worth $299,000 after acquiring an additional 6,185 shares during the last quarter. Pullen Investment Management LLC boosted its stake in Titan Machinery by 66.4% in the fourth quarter. Pullen Investment Management LLC now owns 65,452 shares of the company’s stock valued at $984,000 after acquiring an additional 26,116 shares during the period. SG Americas Securities LLC bought a new position in shares of Titan Machinery during the fourth quarter valued at approximately $101,000. Finally, Quarry LP grew its holdings in shares of Titan Machinery by 189.8% during the third quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Price Performance

Shares of NASDAQ:TITN opened at $19.72 on Monday. Titan Machinery Inc. has a 52 week low of $13.21 and a 52 week high of $23.41. The firm has a market capitalization of $459.67 million, a P/E ratio of -8.29 and a beta of 1.38. The firm’s 50 day moving average is $18.69 and its two-hundred day moving average is $17.55. The company has a current ratio of 1.41, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, March 19th. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of ($0.99) by ($0.44). Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.40%. The business had revenue of $641.83 million during the quarter, compared to analyst estimates of $615.53 million. Analysts anticipate that Titan Machinery Inc. will post -1.73 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on TITN. Wall Street Zen downgraded Titan Machinery from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Robert W. Baird lowered their price objective on Titan Machinery from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $19.00.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.