Titan Machinery Inc. (TITN) Shares Sold by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lessened its position in Titan Machinery Inc. (NASDAQ:TITN) by 34.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,135 shares of the company’s stock after selling 51,755 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.46% of Titan Machinery worth $1,764,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of TITN. American International Group Inc. lifted its position in shares of Titan Machinery by 7.2% in the 1st quarter. American International Group Inc. now owns 10,919 shares of the company’s stock valued at $167,000 after acquiring an additional 729 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Titan Machinery by 34.2% in the 2nd quarter. New York State Common Retirement Fund now owns 21,200 shares of the company’s stock valued at $381,000 after acquiring an additional 5,399 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Titan Machinery by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 21,909 shares of the company’s stock valued at $394,000 after acquiring an additional 545 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Titan Machinery in the 2nd quarter valued at approximately $435,000. Finally, Eagle Global Advisors LLC lifted its position in shares of Titan Machinery by 24.3% in the 2nd quarter. Eagle Global Advisors LLC now owns 28,805 shares of the company’s stock valued at $518,000 after acquiring an additional 5,630 shares in the last quarter. Institutional investors and hedge funds own 75.29% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Titan Machinery Inc. (TITN) Shares Sold by Parametric Portfolio Associates LLC” was published by Watch List News and is the property of of Watch List News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.watchlistnews.com/titan-machinery-inc-titn-shares-sold-by-parametric-portfolio-associates-llc/1697477.html.
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 purchased at an average price 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 document filed with the SEC, which can be accessed through this hyperlink. 16.08% of the stock is currently owned by corporate insiders.
Titan Machinery Inc. (NASDAQ:TITN) opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 0.37. Titan Machinery Inc. has a 12 month low of $10.23 and a 12 month high of $19.22.
Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The company had revenue of $268.87 million during the quarter, compared to analyst estimates of $260.08 million. Titan Machinery had a negative net margin of 1.61% and a negative return on equity of 3.69%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) EPS. research analysts forecast that Titan Machinery Inc. will post -0.22 EPS for the current year.
Several brokerages recently commented on TITN. Piper Jaffray Companies set a $18.00 price target on shares of Titan Machinery and gave the company a “hold” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.00.
About Titan Machinery
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.
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).
Receive News & Ratings for Titan Machinery Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.