Dana Investment Advisors Inc. Has $3.04 Million Stock Position in Titan Machinery Inc. $TITN

Dana Investment Advisors Inc. lessened its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 24.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 181,372 shares of the company’s stock after selling 57,589 shares during the quarter. Dana Investment Advisors Inc. owned 0.78% of Titan Machinery worth $3,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TITN. New York State Teachers Retirement System acquired a new stake in shares of Titan Machinery during the third quarter worth about $32,000. Tower Research Capital LLC TRC grew its position in shares of Titan Machinery by 352.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after purchasing an additional 2,043 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 purchasing an additional 1,063 shares in the last quarter. AlphaQuest LLC raised its holdings in Titan Machinery by 9,628.1% during the 3rd quarter. AlphaQuest LLC now owns 8,658 shares of the company’s stock worth $145,000 after buying an additional 8,569 shares during the period. Finally, State of Wyoming raised its holdings in Titan Machinery by 48.2% during the 2nd quarter. State of Wyoming now owns 9,442 shares of the company’s stock worth $187,000 after buying an additional 3,070 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Stock Up 2.1%

Shares of TITN stock opened at $19.71 on Thursday. The firm’s fifty day moving average price is $17.02 and its two-hundred day moving average price is $17.33. 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 1 year low of $12.50 and a 1 year high of $23.41. The firm has a market capitalization of $460.62 million, a P/E ratio of -7.25 and a beta of 1.28.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.41. The company had revenue of $644.51 million during the quarter, compared to the consensus estimate of $599.17 million. Titan Machinery had a negative net margin of 2.43% and a negative return on equity of 10.30%.

Analyst Ratings Changes

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

Titan Machinery 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.