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

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 15.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,102 shares of the company's stock after selling 40,942 shares during the period. Charles Schwab Investment Management Inc. owned 0.98% of Titan Machinery worth $3,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Titan Machinery by 16.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company's stock worth $8,133,000 after purchasing an additional 84,330 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Titan Machinery by 28.4% during 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 during the last quarter. Systematic Financial Management LP bought a new stake in Titan Machinery during the 3rd quarter worth about $483,000. Jane Street Group LLC increased its position in Titan Machinery by 122.1% in the 3rd quarter. Jane Street Group LLC now owns 56,375 shares of the company's stock valued at $785,000 after acquiring an additional 30,997 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Titan Machinery by 287.0% in the third quarter. Barclays PLC now owns 31,872 shares of the company's stock worth $444,000 after acquiring an additional 23,637 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Titan Machinery

In other Titan Machinery news, Chairman David Joseph Meyer acquired 3,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average price of $16.86 per share, with a total value of $50,580.00. Following the purchase, the chairman now owns 138,388 shares of the company's stock, valued at $2,333,221.68. This represents a 2.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.28% of the company's stock.

Titan Machinery Trading Down 1.3 %

TITN traded down $0.23 during trading on Monday, reaching $17.04. 253,146 shares of the company's stock were exchanged, compared to its average volume of 260,789. The company's fifty day moving average price is $17.03 and its 200-day moving average price is $15.31. The firm has a market capitalization of $394.07 million, a PE ratio of 12.72 and a beta of 1.28. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $24.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Analyst Upgrades and Downgrades

TITN has been the subject of a number of research reports. B. Riley began coverage on shares of Titan Machinery in a report on Thursday. They issued a "neutral" rating and a $19.00 price target for the company. Baird R W upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Robert W. Baird dropped their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.80.

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.