Royce & Associates LP Acquires 70,992 Shares of Titan Machinery Inc. $TITN

Royce & Associates LP grew its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 626,067 shares of the company’s stock after acquiring an additional 70,992 shares during the quarter. Royce & Associates LP’s holdings in Titan Machinery were worth $10,480,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. New York State Teachers Retirement System bought a new position in shares of Titan Machinery during the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC boosted its position in Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after buying an additional 2,043 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Titan Machinery by 14.6% during the third quarter. PNC Financial Services Group Inc. now owns 8,341 shares of the company’s stock valued at $140,000 after buying an additional 1,063 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Titan Machinery by 9,628.1% during the third quarter. AlphaQuest LLC now owns 8,658 shares of the company’s stock valued at $145,000 after buying an additional 8,569 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Titan Machinery by 48.2% in the second quarter. State of Wyoming now owns 9,442 shares of the company’s stock worth $187,000 after buying an additional 3,070 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TITN shares. Robert W. Baird restated a “neutral” rating and set a $21.00 target price (down from $24.00) on shares of Titan Machinery in a report on Monday, December 1st. Wall Street Zen upgraded Titan Machinery from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Titan Machinery in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.50.

Titan Machinery Stock Down 0.8%

Shares of NASDAQ:TITN opened at $19.55 on Wednesday. The stock’s 50-day moving average is $17.32 and its 200 day moving average is $17.31. The company has a market cap of $456.88 million, a PE ratio of -7.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.24. Titan Machinery Inc. has a 1 year low of $12.50 and a 1 year high of $23.41.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.