Posted by admin on Aug 19th, 2022 
Qube Research & Technologies Ltd raised its holdings in Titan Machinery Inc. (NASDAQ:TITN – Get Rating) by 119.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,692 shares of the company’s stock after buying an additional 17,811 shares during the period. Qube Research & Technologies Ltd owned approximately 0.14% of Titan Machinery worth $924,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of TITN. Assenagon Asset Management S.A. lifted its position in shares of Titan Machinery by 166.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 278,594 shares of the company’s stock worth $7,873,000 after purchasing an additional 173,881 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Titan Machinery by 15.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 588,788 shares of the company’s stock worth $19,836,000 after purchasing an additional 77,750 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Titan Machinery by 229.2% during the 4th quarter. American Century Companies Inc. now owns 101,820 shares of the company’s stock worth $3,430,000 after purchasing an additional 70,886 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Titan Machinery by 423.1% during the 4th quarter. Teacher Retirement System of Texas now owns 82,011 shares of the company’s stock worth $2,763,000 after purchasing an additional 66,332 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new stake in shares of Titan Machinery during the 4th quarter worth $2,180,000. 78.45% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TITN opened at $32.29 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.61 and a current ratio of 1.79. The firm has a market cap of $728.61 million, a PE ratio of 9.96 and a beta of 1.71. Titan Machinery Inc. has a one year low of $21.50 and a one year high of $38.58. The firm’s fifty day moving average is $26.01 and its two-hundred day moving average is $26.82.
Titan Machinery (NASDAQ:TITN – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.28. The company had revenue of $461.10 million for the quarter, compared to analyst estimates of $409.00 million. Titan Machinery had a net margin of 4.06% and a return on equity of 17.72%. Titan Machinery’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Analysts expect that Titan Machinery Inc. will post 3.19 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Titan Machinery from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 11th. Stephens reduced their price target on shares of Titan Machinery from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, May 27th. Finally, TheStreet cut shares of Titan Machinery from a “b” rating to a “c+” rating in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $37.67.
(Get Rating)
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. 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.
Want to see what other hedge funds are holding TITN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Titan Machinery Inc. (NASDAQ:TITN – Get Rating).
Receive News & Ratings for Titan Machinery Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Titan Machinery and related companies with MarketBeat.com’s FREE daily email newsletter.
Principal Financial Group Inc. Has $19.37 Million Holdings in Murphy USA Inc. (NYSE:MUSA)
Qube Research & Technologies Ltd Buys Shares of 5,228 J&J Snack Foods Corp. (NASDAQ:JJSF)