Public Employees Retirement System of Ohio Buys Shares of 21,730 Titan Machinery Inc. $TITN

Public Employees Retirement System of Ohio bought a new position in shares of Titan Machinery Inc. (NASDAQ:TITN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,730 shares of the company’s stock, valued at approximately $459,000. Public Employees Retirement System of Ohio owned about 0.09% of Titan Machinery as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC bought a new stake in Titan Machinery during the 2nd quarter worth $12,297,000. Deutsche Bank AG bought a new position in Titan Machinery in the second quarter valued at about $12,914,000. Stephens Investment Management Group LLC raised its position in Titan Machinery by 30.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 559,589 shares of the company’s stock valued at $8,416,000 after purchasing an additional 129,215 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Titan Machinery by 137.9% during the first quarter. Janus Henderson Group PLC now owns 719,639 shares of the company’s stock valued at $12,032,000 after purchasing an additional 417,190 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Titan Machinery by 18.7% during the fourth quarter. Royce & Associates LP now owns 743,175 shares of the company’s stock worth $11,177,000 after purchasing an additional 117,108 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TITN. Wall Street Zen downgraded Titan Machinery from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a report on Monday, June 29th. Finally, Robert W. Baird set a $29.00 target price on shares of Titan Machinery and gave the stock an “outperform” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.00.

Titan Machinery Trading Down 2.9%

NASDAQ TITN opened at $23.64 on Friday. The firm has a market capitalization of $556.25 million, a PE ratio of -9.49 and a beta of 1.43. The business’s 50-day moving average price is $19.54 and its two-hundred day moving average price is $19.52. The company has a current ratio of 1.35, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. Titan Machinery Inc. has a 12 month low of $13.21 and a 12 month high of $26.90.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The company had revenue of $496.38 million for the quarter, compared to the consensus estimate of $483.78 million. Titan Machinery had a negative return on equity of 9.17% and a negative net margin of 2.46%.Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. On average, analysts expect that Titan Machinery Inc. will post -1.67 EPS for the current year.

About Titan Machinery

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.