Dana Investment Advisors Inc. Has $5.22 Million Position in Titan Machinery Inc. (NASDAQ:TITN)

Dana Investment Advisors Inc. decreased its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,383 shares of the company's stock after selling 21,245 shares during the quarter. Dana Investment Advisors Inc. owned about 1.60% of Titan Machinery worth $5,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in Titan Machinery during the 4th quarter worth $26,000. Truvestments Capital LLC bought a new stake in Titan Machinery in the third quarter valued at about $41,000. US Bancorp DE increased its holdings in 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 purchasing an additional 1,677 shares during the last quarter. FMR LLC lifted its stake in 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 buying an additional 3,092 shares during the period. Finally, Meixler Investment Management Ltd. bought a new position in Titan Machinery during the fourth quarter worth about $142,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TITN has been the topic of a number of analyst reports. Robert W. Baird upgraded shares of Titan Machinery from a "neutral" rating to an "outperform" rating and increased their price target for the company from $14.00 to $25.00 in a research report on Monday, January 27th. Baird R W upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.20.

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Titan Machinery Stock Down 4.3 %

TITN stock traded down $0.67 during mid-day trading on Monday, hitting $14.77. 291,531 shares of the company were exchanged, compared to its average volume of 246,581. The firm has a market cap of $341.57 million, a P/E ratio of 11.02 and a beta of 1.28. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $27.13. 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's 50 day simple moving average is $16.52 and its 200 day simple moving average is $15.08.

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.