Meixler Investment Management Ltd. Buys Shares of 10,057 Titan Machinery Inc. (NASDAQ:TITN)

Meixler Investment Management Ltd. bought a new stake in shares of Titan Machinery Inc. (NASDAQ:TITN) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,057 shares of the company’s stock, valued at approximately $142,000.

Several other hedge funds have also made changes to their positions in the business. Empowered Funds LLC boosted its holdings in shares of Titan Machinery by 5.1% during the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock worth $283,000 after purchasing an additional 962 shares during the last quarter. US Bancorp DE boosted its holdings in Titan Machinery by 116.2% in the third quarter. US Bancorp DE now owns 3,120 shares of the company’s stock valued at $43,000 after acquiring an additional 1,677 shares during the last quarter. R Squared Ltd acquired a new position in Titan Machinery in the fourth quarter valued at $26,000. Janus Henderson Group PLC boosted its holdings in Titan Machinery by 6.8% in the third quarter. Janus Henderson Group PLC now owns 39,262 shares of the company’s stock valued at $547,000 after acquiring an additional 2,496 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Titan Machinery in the third quarter valued at $41,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TITN shares. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $25.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Titan Machinery presently has a consensus rating of “Hold” and a consensus target price of $19.20.

Titan Machinery Stock Up 0.9 %

Shares of NASDAQ TITN opened at $18.18 on Friday. Titan Machinery Inc. has a 1 year low of $12.30 and a 1 year high of $27.19. The firm has a market cap of $420.50 million, a price-to-earnings ratio of 13.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The stock’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $14.88.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 earnings per share.

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.