William Blair Investment Management LLC Has $13 Million Stake in Titan Machinery Inc. (NASDAQ:TITN)

William Blair Investment Management LLC raised its holdings in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 920,090 shares of the company's stock after acquiring an additional 17,689 shares during the period. William Blair Investment Management LLC owned about 3.98% of Titan Machinery worth $13,001,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Systematic Financial Management LP acquired a new stake in shares of Titan Machinery during the 3rd quarter valued at $483,000. ArrowMark Colorado Holdings LLC boosted its stake in shares of Titan Machinery by 28.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company's stock valued at $4,762,000 after purchasing an additional 75,710 shares in the last quarter. Barclays PLC raised its holdings in Titan Machinery by 287.0% in the 3rd quarter. Barclays PLC now owns 31,872 shares of the company's stock valued at $444,000 after buying an additional 23,637 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Titan Machinery by 53.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company's stock worth $387,000 after buying an additional 8,942 shares during the period. Finally, FMR LLC grew its holdings in Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company's stock worth $73,000 after acquiring an additional 3,092 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

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Analyst Upgrades and Downgrades

TITN has been the subject of several analyst reports. Baird R W raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Robert W. Baird cut their target price on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.00.

Titan Machinery Trading Up 4.2 %

TITN stock traded up $0.72 during midday trading on Monday, hitting $17.77. The stock had a trading volume of 555,543 shares, compared to its average volume of 253,508. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. The firm has a market cap of $410.95 million, a P/E ratio of 13.26 and a beta of 1.28. The business has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $15.12. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $24.89.

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.