Invesco Ltd. Sells 8,001 Shares of Titan Machinery Inc. $TITN

Invesco Ltd. trimmed its position in Titan Machinery Inc. (NASDAQ:TITN) by 9.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,411 shares of the company’s stock after selling 8,001 shares during the period. Invesco Ltd. owned approximately 0.34% of Titan Machinery worth $1,336,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in Titan Machinery by 42.8% during the 1st quarter. New York State Common Retirement Fund now owns 4,674 shares of the company’s stock worth $80,000 after buying an additional 1,400 shares during the period. GAMMA Investing LLC raised its stake in Titan Machinery by 6,432.3% during the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company’s stock worth $207,000 after buying an additional 11,964 shares during the period. Wells Fargo & Company MN raised its stake in Titan Machinery by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 12,397 shares of the company’s stock worth $175,000 after buying an additional 2,808 shares during the period. Granahan Investment Management LLC acquired a new position in Titan Machinery during the 4th quarter worth approximately $195,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Titan Machinery by 8.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company’s stock worth $208,000 after buying an additional 1,197 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on TITN shares. Lake Street Capital reaffirmed a “hold” rating and set a $18.00 price target (up from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd. Wall Street Zen raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, B. Riley lifted their target price on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $22.25.

Titan Machinery Trading Up 1.6%

NASDAQ:TITN opened at $20.00 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $461.60 million, a PE ratio of -7.41 and a beta of 1.30. The firm’s 50 day moving average is $19.90 and its 200 day moving average is $18.39. Titan Machinery Inc. has a 12 month low of $12.50 and a 12 month high of $23.41.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.30. The company had revenue of $546.43 million for the quarter, compared to analysts’ expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.91%. Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

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.