Focus Partners Wealth Purchases 10,000 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Focus Partners Wealth raised its position in Titan Machinery Inc. (NASDAQ:TITN) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Focus Partners Wealth owned approximately 0.30% of Titan Machinery worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TITN. Deutsche Bank AG boosted its position in shares of Titan Machinery by 9.0% in the 4th quarter. Deutsche Bank AG now owns 597,714 shares of the company’s stock worth $8,446,000 after purchasing an additional 49,178 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Titan Machinery by 5.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 20,000 shares of the company’s stock valued at $283,000 after buying an additional 962 shares during the last quarter. Bank of America Corp DE boosted its holdings in Titan Machinery by 76.9% in the fourth quarter. Bank of America Corp DE now owns 153,787 shares of the company’s stock worth $2,173,000 after acquiring an additional 66,853 shares in the last quarter. Northern Trust Corp grew its stake in shares of Titan Machinery by 1.6% during the fourth quarter. Northern Trust Corp now owns 184,160 shares of the company’s stock worth $2,602,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Titan Machinery by 5.7% during the fourth quarter. Voya Investment Management LLC now owns 174,208 shares of the company’s stock valued at $2,462,000 after acquiring an additional 9,401 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Trading Up 1.5%

NASDAQ TITN opened at $21.53 on Friday. Titan Machinery Inc. has a 1 year low of $12.30 and a 1 year high of $24.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The company has a market capitalization of $497.04 million, a PE ratio of 16.07 and a beta of 1.35. The company has a fifty day moving average of $16.83 and a 200 day moving average of $16.05.

Insider Buying and Selling at Titan Machinery

In related news, Chairman David Joseph Meyer bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of $16.86 per share, with a total value of $50,580.00. Following the completion of the acquisition, the chairman now directly owns 138,388 shares in the company, valued at approximately $2,333,221.68. The trade was a 2.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 26,182 shares of company stock worth $439,661. Insiders own 10.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TITN shares. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Robert W. Baird dropped their price objective on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Northland Capmk upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. B. Riley started coverage on Titan Machinery in a research report on Thursday, March 27th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Northland Securities raised Titan Machinery from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.80.

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.