Cambridge Investment Research Advisors Inc. Sells 1,465 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Cambridge Investment Research Advisors Inc. reduced its position in Titan Machinery Inc. (NASDAQ:TITN – Get Rating) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,777 shares of the company’s stock after selling 1,465 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.06% of Titan Machinery worth $547,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TITN. JPMorgan Chase & Co. boosted its stake in shares of Titan Machinery by 65.8% in the 1st quarter. JPMorgan Chase & Co. now owns 282,713 shares of the company’s stock valued at $7,990,000 after purchasing an additional 112,210 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Titan Machinery by 16.0% during the 1st quarter. MetLife Investment Management LLC now owns 9,539 shares of the company’s stock valued at $270,000 after acquiring an additional 1,313 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Titan Machinery by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,683,465 shares of the company’s stock valued at $47,575,000 after acquiring an additional 25,662 shares during the period. Aviva PLC acquired a new position in shares of Titan Machinery during the 1st quarter valued at $760,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Titan Machinery by 208.0% during the 1st quarter. Allianz Asset Management GmbH now owns 27,613 shares of the company’s stock valued at $781,000 after acquiring an additional 18,648 shares during the period. 81.30% of the stock is owned by institutional investors.

Titan Machinery Stock Performance

Shares of TITN stock opened at $34.75 on Thursday. The company has a market cap of $787.57 million, a P/E ratio of 7.72 and a beta of 1.63. The firm has a 50-day moving average of $30.93 and a 200-day moving average of $37.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 0.33. Titan Machinery Inc. has a one year low of $21.50 and a one year high of $47.87.

Titan Machinery (NASDAQ:TITN – Get Rating) last posted its quarterly earnings results on Thursday, March 16th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.26). The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $692.90 million. Titan Machinery had a net margin of 4.61% and a return on equity of 20.81%. Titan Machinery’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. Equities research analysts forecast that Titan Machinery Inc. will post 4.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TITN. StockNews.com assumed coverage on shares of Titan Machinery in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Robert W. Baird lowered their price objective on shares of Titan Machinery from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 16th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.67.

Insiders Place Their Bets

In other Titan Machinery news, Director Stan K. Erickson bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was purchased at an average price of $29.67 per share, for a total transaction of $89,010.00. Following the completion of the transaction, the director now directly owns 39,031 shares of the company’s stock, valued at $1,158,049.77. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.04% of the company’s stock.

Titan Machinery Profile

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Titan Machinery, Inc engages in the management of agricultural and construction equipment stores. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment sells services and rents machinery and related parts and attachments, for uses from large-scale farming to home and garden use in North America.