Dimensional Fund Advisors LP Has $20.67 Million Stock Position in Titan Machinery Inc. (NASDAQ:TITN)

Dimensional Fund Advisors LP cut its position in Titan Machinery Inc. (NASDAQ:TITN) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,462,922 shares of the company’s stock after selling 46,304 shares during the period. Dimensional Fund Advisors LP owned 6.32% of Titan Machinery worth $20,671,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TITN. CenterBook Partners LP acquired a new position in shares of Titan Machinery in the 4th quarter worth approximately $1,438,000. Russell Investments Group Ltd. grew its holdings in shares of Titan Machinery by 51.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after purchasing an additional 882 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Titan Machinery by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 12,397 shares of the company’s stock worth $175,000 after purchasing an additional 2,808 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Titan Machinery in the fourth quarter valued at about $374,000. Finally, Trexquant Investment LP lifted its position in Titan Machinery by 39.5% during the 4th quarter. Trexquant Investment LP now owns 32,591 shares of the company’s stock worth $461,000 after buying an additional 9,226 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Titan Machinery Stock Down 0.5 %

Shares of Titan Machinery stock opened at $17.67 on Thursday. The business has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $15.75. The stock has a market cap of $407.93 million, a PE ratio of 13.19 and a beta of 1.35. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $24.28.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird dropped their target price 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 price objective for the company in a research report on Friday, April 11th. B. Riley initiated coverage on Titan Machinery in a research report on Thursday, March 27th. They issued a “neutral” rating and a $19.00 price objective on the stock. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Northland Capmk upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.80.

Insider Transactions at Titan Machinery

In other news, Chairman David Joseph Meyer purchased 3,000 shares of Titan Machinery stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of $16.86 per share, with a total value of $50,580.00. Following the completion of the transaction, the chairman now directly owns 138,388 shares in the company, valued at $2,333,221.68. This trade represents a 2.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders purchased 26,182 shares of company stock worth $439,661. 10.28% of the stock is currently owned by company insiders.

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.