Dimensional Fund Advisors LP Has $26 Million Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Dimensional Fund Advisors LP cut its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,635,260 shares of the company's stock after selling 120,719 shares during the period. Dimensional Fund Advisors LP owned 7.17% of Titan Machinery worth $26,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Titan Machinery by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company's stock worth $28,886,000 after buying an additional 9,548 shares during the last quarter. American Century Companies Inc. increased its stake in Titan Machinery by 11.3% in the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company's stock valued at $18,373,000 after purchasing an additional 117,577 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Titan Machinery by 28.8% in the second quarter. Victory Capital Management Inc. now owns 363,011 shares of the company's stock valued at $5,772,000 after buying an additional 81,248 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Titan Machinery by 5.6% during the first quarter. Sei Investments Co. now owns 286,964 shares of the company's stock worth $7,120,000 after buying an additional 15,163 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in shares of Titan Machinery by 22.0% during the first quarter. First Eagle Investment Management LLC now owns 240,261 shares of the company's stock worth $5,961,000 after buying an additional 43,400 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Performance

TITN traded down $0.13 during trading on Thursday, reaching $13.69. 139,996 shares of the company's stock were exchanged, compared to its average volume of 236,704. The company has a market capitalization of $316.65 million, a P/E ratio of 3.28 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 business has a 50 day moving average price of $14.58 and a 200 day moving average price of $18.29. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $29.30.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TITN. B. Riley reduced their target price on Titan Machinery from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, September 3rd. Robert W. Baird cut their price target on Titan Machinery from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Lake Street Capital lowered Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 price target on the stock. in a research note on Thursday, August 15th. Craig Hallum cut their price objective on shares of Titan Machinery from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, Northland Securities restated a "market perform" rating and set a $25.00 price target on shares of Titan Machinery in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Titan Machinery currently has a consensus rating of "Hold" and an average price target of $21.00.

About Titan Machinery

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.