Titan Machinery Inc. (NASDAQ:TITN) Stock Holdings Lifted by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its stake in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 42.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 634,509 shares of the company's stock after purchasing an additional 188,998 shares during the quarter. First Eagle Investment Management LLC owned approximately 2.74% of Titan Machinery worth $8,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TITN. R Squared Ltd acquired a new position in Titan Machinery during the 4th quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new position in Titan Machinery during the 3rd quarter valued at approximately $41,000. US Bancorp DE boosted its position in Titan Machinery by 116.2% during the 3rd 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 period. FMR LLC raised its stake in Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company's stock valued at $73,000 after acquiring an additional 3,092 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Titan Machinery by 91.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock valued at $122,000 after acquiring an additional 4,103 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Titan Machinery Stock Up 6.3 %

Shares of TITN stock traded up $0.87 on Wednesday, reaching $14.73. 321,459 shares of the company's stock traded hands, compared to its average volume of 247,375. Titan Machinery Inc. has a 12-month low of $12.30 and a 12-month 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 company has a market capitalization of $340.65 million, a P/E ratio of 10.99 and a beta of 1.28. The business's 50 day moving average price is $16.56 and its two-hundred day moving average price is $15.08.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on TITN shares. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Robert W. Baird raised Titan Machinery from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $14.00 to $25.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.20.

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.