Vanguard Group Inc. lifted its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 738,459 shares of the company’s stock after buying an additional 24,232 shares during the quarter. Vanguard Group Inc. owned about 3.46% of Titan Machinery worth $13,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TITN. American International Group Inc. grew its position in shares of Titan Machinery by 7.2% during the 1st quarter. American International Group Inc. now owns 10,919 shares of the company’s stock worth $167,000 after buying an additional 729 shares during the period. Geode Capital Management LLC grew its position in shares of Titan Machinery by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 134,921 shares of the company’s stock worth $2,069,000 after buying an additional 4,283 shares during the period. Dimensional Fund Advisors LP grew its position in Titan Machinery by 10.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 840,710 shares of the company’s stock valued at $12,896,000 after purchasing an additional 81,542 shares during the period. Schwab Charles Investment Management Inc. grew its position in Titan Machinery by 15.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 191,598 shares of the company’s stock valued at $2,940,000 after purchasing an additional 25,270 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Titan Machinery by 4.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 71,486 shares of the company’s stock valued at $1,096,000 after purchasing an additional 3,244 shares during the period. 76.38% of the stock is owned by institutional investors.

In related news, Director Stan K. Erickson acquired 8,302 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average cost of $12.50 per share, for a total transaction of $103,775.00. Following the purchase, the director now owns 13,495 shares in the company, valued at $168,687.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 16.08% of the stock is currently owned by company insiders.

Shares of Titan Machinery Inc. (NASDAQ TITN) opened at $15.15 on Monday. Titan Machinery Inc. has a 52-week low of $11.41 and a 52-week high of $19.22. The company has a quick ratio of 0.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.38.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Titan Machinery had a negative net margin of 1.61% and a negative return on equity of 3.69%. The business had revenue of $268.87 million during the quarter, compared to analyst estimates of $260.08 million. During the same period in the previous year, the business posted ($0.12) EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. analysts expect that Titan Machinery Inc. will post -0.22 EPS for the current fiscal year.

TITN has been the subject of several research reports. Robert W. Baird set a $18.00 price target on shares of Titan Machinery and gave the company a “buy” rating in a research report on Thursday, August 24th. Piper Jaffray Companies reissued a “hold” rating on shares of Titan Machinery in a research report on Thursday, September 28th. BidaskClub downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Finally, ValuEngine downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

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Titan Machinery Profile

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.

Institutional Ownership by Quarter for Titan Machinery (NASDAQ:TITN)

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