Dana Investment Advisors Inc. Has $6.11 Million Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Dana Investment Advisors Inc. boosted its holdings in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 32.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,548 shares of the company's stock after purchasing an additional 95,221 shares during the quarter. Dana Investment Advisors Inc. owned approximately 1.69% of Titan Machinery worth $6,114,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC lifted its stake in Titan Machinery by 170.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 33,619 shares of the company's stock valued at $971,000 after buying an additional 21,180 shares during the last quarter. Gabelli Funds LLC lifted its stake in Titan Machinery by 31.4% in the fourth quarter. Gabelli Funds LLC now owns 92,000 shares of the company's stock valued at $2,657,000 after buying an additional 22,000 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Titan Machinery by 56.3% in the fourth quarter. Fisher Asset Management LLC now owns 60,257 shares of the company's stock valued at $1,740,000 after buying an additional 21,703 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Titan Machinery by 18.4% in the first quarter. Los Angeles Capital Management LLC now owns 12,347 shares of the company's stock valued at $306,000 after buying an additional 1,920 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its stake in Titan Machinery by 12.2% in the first quarter. MBM Wealth Consultants LLC now owns 18,737 shares of the company's stock valued at $465,000 after buying an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

TITN has been the topic of a number of recent analyst reports. Northland Capmk cut shares of Titan Machinery from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Northland Securities reiterated a "market perform" rating and issued a $25.00 price target on shares of Titan Machinery in a research report on Friday, September 13th. B. Riley dropped their price target on shares of Titan Machinery from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 3rd. Craig Hallum dropped their price target on shares of Titan Machinery from $25.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, Robert W. Baird dropped their price target on shares of Titan Machinery from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.00.

Titan Machinery Stock Down 1.6 %

Shares of TITN traded down $0.22 during trading hours on Wednesday, reaching $13.82. The company's stock had a trading volume of 108,636 shares, compared to its average volume of 237,213. The firm has a market cap of $319.66 million, a price-to-earnings ratio of 3.32 and a beta of 1.26. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $14.58 and a two-hundred day moving average of $18.29. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.09). The company had revenue of $633.70 million during the quarter, compared to analyst estimates of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.38 earnings per share. As a group, research analysts predict that Titan Machinery Inc. will post 0.21 EPS for the current fiscal year.

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.