Public Employees Retirement System of Ohio acquired a new stake in Titan Machinery Inc. (NASDAQ:TITN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,975 shares of the company’s stock, valued at approximately $155,000.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in Titan Machinery in the 2nd quarter valued at approximately $590,000. Granahan Investment Management Inc. MA lifted its stake in Titan Machinery by 36.1% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 530,067 shares of the company’s stock valued at $8,232,000 after purchasing an additional 140,498 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Titan Machinery by 17.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 117,045 shares of the company’s stock valued at $2,104,000 after purchasing an additional 17,298 shares during the last quarter. Teachers Advisors LLC lifted its stake in Titan Machinery by 27.0% in the 2nd quarter. Teachers Advisors LLC now owns 44,686 shares of the company’s stock valued at $803,000 after purchasing an additional 9,491 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Titan Machinery by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 738,459 shares of the company’s stock valued at $13,277,000 after purchasing an additional 24,232 shares during the last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.

In related news, CEO David Joseph Meyer sold 61,796 shares of Titan Machinery stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $21.85, for a total transaction of $1,350,242.60. Following the completion of the transaction, the chief executive officer now owns 715,864 shares of the company’s stock, valued at $15,641,628.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.08% of the stock is currently owned by company insiders.

Several equities analysts have recently issued reports on the stock. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Titan Machinery in a research note on Thursday, September 28th. Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price target (up previously from $18.00) on shares of Titan Machinery in a research note on Friday, December 1st. Zacks Investment Research raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. BidaskClub raised shares of Titan Machinery from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Finally, William Blair raised shares of Titan Machinery from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.75.

Titan Machinery Inc. (TITN) opened at $23.62 on Tuesday. The stock has a market cap of $509.50, a price-to-earnings ratio of -30.28 and a beta of 1.76. Titan Machinery Inc. has a 52 week low of $11.68 and a 52 week high of $23.79. 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 (NASDAQ:TITN) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.12. The firm had revenue of $330.34 million during the quarter, compared to the consensus estimate of $306.74 million. Titan Machinery had a negative net margin of 1.44% and a negative return on equity of 2.29%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) earnings per share. sell-side analysts forecast that Titan Machinery Inc. will post -0.19 EPS for the current fiscal year.

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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.

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

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