Empowered Funds LLC Raises Stake in Titan Machinery Inc. (NASDAQ:TITN)

Empowered Funds LLC boosted its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 20,000 shares of the company’s stock after purchasing an additional 962 shares during the period. Empowered Funds LLC’s holdings in Titan Machinery were worth $283,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Titan Machinery by 116.2% in the third quarter. US Bancorp DE now owns 3,120 shares of the company’s stock valued at $43,000 after acquiring an additional 1,677 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Titan Machinery in the fourth quarter valued at about $26,000. Janus Henderson Group PLC boosted its holdings in shares of Titan Machinery by 6.8% in the third quarter. Janus Henderson Group PLC now owns 39,262 shares of the company’s stock valued at $547,000 after acquiring an additional 2,496 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Titan Machinery in the third quarter valued at about $41,000. Finally, FMR LLC boosted its holdings in shares of Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after acquiring an additional 3,092 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Down 6.1 %

Shares of NASDAQ TITN opened at $18.14 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $419.58 million, a price-to-earnings ratio of 13.54 and a beta of 1.31. The firm has a 50-day moving average price of $16.05 and a 200 day moving average price of $14.97. Titan Machinery Inc. has a 52 week low of $12.30 and a 52 week high of $27.13.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $679.80 million during the quarter, compared to analysts’ expectations of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 earnings per share.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $25.00 in a research note on Monday, January 27th. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.20.

Titan Machinery Company Profile

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.