Titan Machinery Inc. $TITN Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 77.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,980 shares of the company’s stock after selling 168,074 shares during the period. CenterBook Partners LP owned approximately 0.21% of Titan Machinery worth $803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TITN. Vanguard Group Inc. boosted its position in Titan Machinery by 4.1% during the third quarter. Vanguard Group Inc. now owns 1,214,954 shares of the company’s stock worth $20,338,000 after purchasing an additional 48,343 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Titan Machinery by 14.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,341 shares of the company’s stock worth $140,000 after buying an additional 1,063 shares during the period. Bessemer Group Inc. lifted its position in shares of Titan Machinery by 16.0% during the 3rd quarter. Bessemer Group Inc. now owns 588,215 shares of the company’s stock valued at $9,846,000 after buying an additional 81,229 shares in the last quarter. State of Wyoming lifted its position in shares of Titan Machinery by 97.1% during the 3rd quarter. State of Wyoming now owns 18,612 shares of the company’s stock valued at $312,000 after buying an additional 9,170 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in Titan Machinery by 9,628.1% in the 3rd quarter. AlphaQuest LLC now owns 8,658 shares of the company’s stock valued at $145,000 after acquiring an additional 8,569 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Down 0.5%

Shares of NASDAQ TITN opened at $20.41 on Friday. The stock has a market cap of $476.98 million, a PE ratio of -7.50 and a beta of 1.28. The company has a current ratio of 1.36, a quick ratio of 0.24 and a debt-to-equity ratio of 0.32. Titan Machinery Inc. has a 12-month low of $12.50 and a 12-month high of $23.41. The company has a 50-day moving average of $16.82 and a 200 day moving average of $17.33.

Titan Machinery (NASDAQ:TITN) last issued its earnings results on Tuesday, November 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.41. The business had revenue of $644.51 million for the quarter, compared to analysts’ expectations of $599.17 million. Titan Machinery had a negative return on equity of 10.30% and a negative net margin of 2.43%.Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TITN shares. Robert W. Baird reaffirmed a “neutral” rating and set a $21.00 price objective (down from $24.00) on shares of Titan Machinery in a report on Monday, December 1st. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.50.

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.