Janus Henderson Group PLC Has $547,000 Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Janus Henderson Group PLC grew its position in Titan Machinery Inc. (NASDAQ:TITN) by 6.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,262 shares of the company’s stock after purchasing an additional 2,496 shares during the period. Janus Henderson Group PLC’s holdings in Titan Machinery were worth $547,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake 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 purchasing an additional 117,577 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Titan Machinery by 16.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after buying an additional 84,330 shares during the period. Dana Investment Advisors Inc. grew its holdings in shares of Titan Machinery by 32.9% during the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after buying an additional 95,221 shares in the last quarter. Victory Capital Management Inc. raised its position in Titan Machinery by 28.8% during the second quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock valued at $5,772,000 after buying an additional 81,248 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its stake in Titan Machinery by 28.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after acquiring an additional 75,710 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TITN shares. Northland Securities reiterated a “market perform” rating and issued a $25.00 target price on shares of Titan Machinery in a report on Friday, September 13th. B. Riley dropped their price objective on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd. Finally, Northland Capmk lowered shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. One investment 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, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

Titan Machinery Price Performance

Shares of TITN opened at $14.78 on Friday. 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 firm has a market cap of $341.75 million, a PE ratio of 11.03 and a beta of 1.30. The firm’s 50 day moving average price is $14.66 and its 200 day moving average price is $15.18. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month 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, topping the consensus estimate of $0.03 by $0.04. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The company had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. During the same quarter in the prior year, the business posted $1.32 EPS. Titan Machinery’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts expect that Titan Machinery Inc. will post 0.05 EPS for the current fiscal year.

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.