1 day Ago By ABMN Staff
Bank of New York Mellon Corp grew its stake in Titan Machinery Inc. ( NASDAQ:TITN – Free Report ) by 7.7% during the 2nd quarter, Holdings Channel reports.
The firm owned 106,462 shares of the company’s stock after purchasing an additional 7,619 shares during the quarter. Bank of New York Mellon Corp’s holdings in Titan Machinery were worth $1,693,000 at the end of the most recent reporting period. Several other institutional investors have also modified their holdings of the stock.
SummerHaven Investment Management LLC grew its position in shares of Titan Machinery by 3.5% in the second quarter. SummerHaven Investment Management LLC now owns 24,475 shares of the company’s stock valued at $389,000 after purchasing an additional 818 shares during the period.
Cetera Advisors LLC acquired a new stake in shares of Titan Machinery in the first quarter valued at about $1,095,000. Silvercrest Asset Management Group LLC grew its position in shares of Titan Machinery by 4.5% in the first quarter.
Silvercrest Asset Management Group LLC now owns 173,472 shares of the company’s stock valued at $4,304,000 after purchasing an additional 7,500 shares during the period. Caxton Associates LP grew its position in shares of Titan Machinery by 29.6% in the first quarter.
Caxton Associates LP now owns 27,067 shares of the company’s stock valued at $672,000 after purchasing an additional 6,182 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Titan Machinery by 6.
7% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,789 shares of the company’s stock valued at $318,000 after purchasing an additional 802 shares during the period.
Institutional investors and hedge funds own 78.38% of the company’s stock. Analyst Ratings Changes Several analysts have recently issued reports on the stock.
Northland Capmk lowered shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird lowered their price target on shares of Titan Machinery from $18.
00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Craig Hallum lowered their price target on shares of Titan Machinery from $25.
00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Lake Street Capital lowered shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.
00 price target on the stock. in a research report on Thursday, August 15th. Finally, StockNews.
com downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the company currently has an average rating of “Hold” and an average target price of $21.00. Titan Machinery Price Performance Shares of TITN stock opened at $13.
48 on Thursday. The firm’s 50-day moving average is $15.18 and its two-hundred day moving average is $19.
13. The company has a market capitalization of $311.79 million, a PE ratio of 3.
24 and a beta of 1.26. Titan Machinery Inc.
has a 12 month low of $12.30 and a 12 month high of $29.30.
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.
13. Titan Machinery ( NASDAQ:TITN – Get Free Report ) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.
17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09).
The company had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $645.28 million.
Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%.
Titan Machinery’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.
38 earnings per share. Analysts predict that Titan Machinery Inc. will post 0.
21 earnings per share for the current year. Titan Machinery Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding TITN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Titan Machinery Inc.
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