Titan Machinery Inc. (NASDAQ:TITN) Stake Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,655 shares of the company’s stock after acquiring an additional 1,197 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Titan Machinery worth $208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in Titan Machinery during the 4th quarter worth about $604,000. Voss Capital LP raised its holdings in Titan Machinery by 141.7% during the 4th quarter. Voss Capital LP now owns 684,459 shares of the company’s stock worth $9,671,000 after buying an additional 401,302 shares during the period. MYDA Advisors LLC acquired a new stake in Titan Machinery during the 4th quarter worth about $448,000. CenterBook Partners LP acquired a new stake in Titan Machinery during the 4th quarter worth about $1,438,000. Finally, Russell Investments Group Ltd. raised its holdings in Titan Machinery by 51.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after buying an additional 882 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. B. Riley assumed coverage on Titan Machinery in a report on Thursday, March 27th. They set a “neutral” rating and a $19.00 price objective on the stock. Robert W. Baird cut their price objective on Titan Machinery from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Northland Capmk upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Finally, Northland Securities raised Titan Machinery from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned 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 target price of $19.80.

Insider Buying and Selling at Titan Machinery

In other news, Chairman David Joseph Meyer purchased 3,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $16.86 per share, with a total value of $50,580.00. Following the purchase, the chairman now owns 138,388 shares in the company, valued at $2,333,221.68. This represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 26,182 shares of company stock valued at $439,661 in the last 90 days. 10.28% of the stock is currently owned by corporate insiders.

Titan Machinery Trading Up 1.5%

NASDAQ:TITN opened at $21.53 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $24.17. The stock’s 50-day moving average is $16.83 and its two-hundred day moving average is $16.04. The stock has a market cap of $497.04 million, a PE ratio of 16.07 and a beta of 1.35.

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.