Charles Schwab Investment Management Inc. Sells 51,460 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Charles Schwab Investment Management Inc. reduced its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,044 shares of the company’s stock after selling 51,460 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Titan Machinery were worth $3,720,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in Titan Machinery by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after buying an additional 117,577 shares during the period. Dana Investment Advisors Inc. increased its position in Titan Machinery by 32.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after buying an additional 95,221 shares during the period. Victory Capital Management Inc. increased its position in Titan Machinery by 28.8% in the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock worth $5,772,000 after buying an additional 81,248 shares during the period. First Eagle Investment Management LLC increased its position in Titan Machinery by 39.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock worth $5,319,000 after buying an additional 94,250 shares during the period. Finally, Sei Investments Co. increased its position in Titan Machinery by 6.9% in the 2nd quarter. Sei Investments Co. now owns 306,624 shares of the company’s stock worth $4,875,000 after buying an additional 19,660 shares during the period. 78.38% of the stock is owned by institutional investors.

Titan Machinery Price Performance

Shares of TITN stock opened at $14.78 on Friday. The stock’s fifty day simple moving average is $14.66 and its 200 day simple moving average is $15.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The firm has a market cap of $341.75 million, a price-to-earnings ratio of 11.03 and a beta of 1.30. Titan Machinery Inc. has a one year low of $12.30 and a one year high of $29.30.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. Titan Machinery’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS. On average, analysts expect that Titan Machinery Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. B. Riley dropped their price target on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd. Northland Capmk lowered Titan Machinery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Northland Securities reissued a “market perform” rating and set a $25.00 price objective on shares of Titan Machinery in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Titan Machinery presently has a consensus rating of “Hold” and a consensus price target of $21.00.

About Titan Machinery

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.