34,658 Shares in Titan Machinery Inc. (NASDAQ:TITN) Bought by Systematic Financial Management LP

Systematic Financial Management LP bought a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,658 shares of the company's stock, valued at approximately $483,000. Systematic Financial Management LP owned approximately 0.15% of Titan Machinery at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TITN. Janus Henderson Group PLC raised its stake in Titan Machinery by 6.8% during the third quarter. Janus Henderson Group PLC now owns 39,262 shares of the company's stock worth $547,000 after purchasing an additional 2,496 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Titan Machinery by 16.9% in the 3rd 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 period. ArrowMark Colorado Holdings LLC grew its holdings in shares of 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 purchasing an additional 75,710 shares during the period. Verition Fund Management LLC purchased a new position in Titan Machinery in the third quarter valued at approximately $229,000. Finally, BNP Paribas Financial Markets grew its stake in Titan Machinery by 21.2% during the third quarter. BNP Paribas Financial Markets now owns 78,510 shares of the company's stock worth $1,094,000 after buying an additional 13,757 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Stock Down 0.1 %

Shares of TITN traded down $0.02 during trading on Friday, reaching $14.98. The company's stock had a trading volume of 124,038 shares, compared to its average volume of 227,755. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $29.30. 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 market cap of $346.49 million, a price-to-earnings ratio of 11.18 and a beta of 1.30. The company has a fifty day moving average of $14.53 and a two-hundred day moving average of $15.39.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The firm had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.93%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 EPS. On average, sell-side analysts predict that Titan Machinery Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.