Charles Schwab Investment Management Inc. Sells 40,942 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Charles Schwab Investment Management Inc. lowered its position in Titan Machinery Inc. (NASDAQ:TITN) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,102 shares of the company’s stock after selling 40,942 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Titan Machinery were worth $3,195,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Titan Machinery in the 4th quarter valued at about $26,000. Truvestments Capital LLC purchased a new position in Titan Machinery during the third quarter valued at approximately $41,000. US Bancorp DE increased its holdings in Titan Machinery by 23.8% during the fourth quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after buying an additional 741 shares during the period. FMR LLC raised its stake in Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after buying an additional 3,092 shares in the last quarter. Finally, Meixler Investment Management Ltd. purchased a new stake in Titan Machinery during the fourth quarter worth $142,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman David Joseph Meyer bought 3,000 shares of Titan Machinery stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average price of $16.86 per share, for a total transaction of $50,580.00. Following the purchase, the chairman now directly owns 138,388 shares of the company’s stock, valued at approximately $2,333,221.68. The trade was a 2.22 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.28% of the company’s stock.

Titan Machinery Stock Up 0.9 %

Titan Machinery stock opened at $18.07 on Friday. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $24.89. The business has a fifty day moving average price of $16.95 and a 200-day moving average price of $15.22. 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 stock has a market capitalization of $417.89 million, a price-to-earnings ratio of 13.49 and a beta of 1.28.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TITN. Robert W. Baird reduced their price target on Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, B. Riley assumed coverage on shares of Titan Machinery in a research report on Thursday. They set a “neutral” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.80.

Titan Machinery 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.