BidaskClub downgraded shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a sell rating in a research note published on Monday morning.

TITN has been the topic of several other reports. Zacks Investment Research upgraded Titan Machinery from a sell rating to a hold rating in a research note on Wednesday, November 29th. Piper Jaffray Companies set a $19.00 price objective on Titan Machinery and gave the company a hold rating in a research note on Friday, December 1st. Robert W. Baird restated an outperform rating and set a $25.00 price objective (up from $18.00) on shares of Titan Machinery in a research note on Friday, December 1st. Finally, William Blair upgraded Titan Machinery from an underperform rating to a market perform rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Titan Machinery currently has an average rating of Hold and a consensus target price of $23.00.

Titan Machinery (NASDAQ:TITN) opened at $19.53 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.33 and a current ratio of 1.70. Titan Machinery has a 52 week low of $11.68 and a 52 week high of $24.19. The firm has a market capitalization of $427.97, a price-to-earnings ratio of -24.87, a price-to-earnings-growth ratio of 5.21 and a beta of 1.61.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.12. Titan Machinery had a negative return on equity of 2.29% and a negative net margin of 1.44%. The business had revenue of $330.34 million for the quarter, compared to analysts’ expectations of $306.74 million. During the same period last year, the business earned ($0.01) EPS. The business’s revenue was down .6% on a year-over-year basis. equities research analysts anticipate that Titan Machinery will post -0.19 earnings per share for the current year.

In other news, CEO David Joseph Meyer sold 61,796 shares of Titan Machinery stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $21.85, for a total transaction of $1,350,242.60. Following the sale, the chief executive officer now directly owns 715,864 shares in the company, valued at approximately $15,641,628.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.08% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Titan Machinery in the 3rd quarter worth about $155,000. Numeric Investors LLC purchased a new stake in Titan Machinery in the 2nd quarter worth about $191,000. Voya Investment Management LLC increased its holdings in Titan Machinery by 14.2% in the 2nd quarter. Voya Investment Management LLC now owns 11,520 shares of the company’s stock worth $207,000 after acquiring an additional 1,429 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Titan Machinery in the 3rd quarter worth about $211,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Titan Machinery by 29.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 13,068 shares of the company’s stock worth $235,000 after acquiring an additional 2,939 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

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Titan Machinery Company 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.

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