Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) CFO Robert Larsen purchased 658 shares of the stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $15.20 per share, for a total transaction of $10,001.60. Following the completion of the purchase, the chief financial officer now directly owns 37,330 shares in the company, valued at approximately $567,416. The trade was a 1.79 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Titan Machinery Trading Down 2.7 %
Shares of NASDAQ:TITN opened at $14.59 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The company has a 50-day simple moving average of $16.99 and a 200 day simple moving average of $15.38. The company has a market capitalization of $337.41 million, a P/E ratio of 10.89 and a beta of 1.27. Titan Machinery Inc. has a 52-week low of $12.30 and a 52-week high of $24.31.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Robert W. Baird lowered their price target on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, B. Riley started coverage on Titan Machinery in a research note on Thursday, March 27th. They set a "neutral" rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Titan Machinery has an average rating of "Hold" and an average target price of $19.80.
View Our Latest Stock Analysis on Titan Machinery
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TITN. Barclays PLC lifted its holdings in Titan Machinery by 287.0% during the 3rd quarter. Barclays PLC now owns 31,872 shares of the company's stock valued at $444,000 after purchasing an additional 23,637 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Titan Machinery by 53.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company's stock worth $387,000 after buying an additional 8,942 shares during the last quarter. FMR LLC boosted its holdings in shares of Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company's stock worth $73,000 after buying an additional 3,092 shares during the period. PNC Financial Services Group Inc. grew its stake in Titan Machinery by 91.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock valued at $122,000 after buying an additional 4,103 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Titan Machinery by 5.1% in the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock valued at $283,000 after acquiring an additional 962 shares during the period. 78.38% of the stock is currently owned by institutional investors.
About Titan Machinery
(
Get 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.
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