UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,364 Shares of Titan Machinery Inc. (NASDAQ:TITN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Titan Machinery Inc. (NASDAQ:TITN) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,868 shares of the company’s stock after selling 3,364 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Titan Machinery were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. American Century Companies Inc. increased its stake in Titan Machinery by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after buying an additional 117,577 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Titan Machinery by 32.9% in the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after acquiring an additional 95,221 shares during the period. Victory Capital Management Inc. grew its position in shares of Titan Machinery by 28.8% during the second quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock worth $5,772,000 after purchasing an additional 81,248 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Titan Machinery by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock valued at $5,319,000 after purchasing an additional 94,250 shares during the period. Finally, Sei Investments Co. lifted its holdings in Titan Machinery by 6.9% in the 2nd quarter. Sei Investments Co. now owns 306,624 shares of the company’s stock worth $4,875,000 after purchasing an additional 19,660 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Stock Performance

TITN stock opened at $13.19 on Friday. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30. The business has a 50-day moving average price of $14.71 and a 200 day moving average price of $15.08. The company has a market capitalization of $305.03 million, a P/E ratio of 9.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. As a group, equities research analysts forecast that Titan Machinery Inc. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

TITN has been the subject of a number of research analyst reports. Northland Securities reaffirmed a “market perform” rating and set a $25.00 price objective on shares of Titan Machinery in a report on Friday, September 13th. B. Riley cut their target price on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Titan Machinery has an average rating of “Hold” and an average target price of $21.00.

About Titan Machinery

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.