Russell Investments Group Ltd. Sells 2,213 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Russell Investments Group Ltd. cut its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN – Get Rating) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,077 shares of the company’s stock after selling 2,213 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Titan Machinery worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Titan Machinery by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,683,465 shares of the company’s stock valued at $47,575,000 after purchasing an additional 25,662 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Titan Machinery by 4.2% in the third quarter. Vanguard Group Inc. now owns 1,340,569 shares of the company’s stock worth $37,884,000 after buying an additional 53,507 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in shares of Titan Machinery by 10.4% in the third quarter. Global Alpha Capital Management Ltd. now owns 604,961 shares of the company’s stock worth $17,096,000 after buying an additional 56,900 shares in the last quarter. State Street Corp lifted its holdings in shares of Titan Machinery by 4.6% in the third quarter. State Street Corp now owns 492,430 shares of the company’s stock worth $13,916,000 after buying an additional 21,851 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Titan Machinery by 3.7% in the third quarter. Nuveen Asset Management LLC now owns 365,461 shares of the company’s stock worth $10,328,000 after buying an additional 12,987 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Trading Up 0.8 %

Shares of TITN opened at $34.75 on Thursday. The firm’s 50 day simple moving average is $30.93 and its 200 day simple moving average is $37.43. The company has a market capitalization of $787.57 million, a P/E ratio of 7.72 and a beta of 1.63. 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 1-year low of $21.50 and a 1-year high of $47.87.

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

Insider Buying and Selling at Titan Machinery

In other Titan Machinery news, Director Stan K. Erickson purchased 3,000 shares of Titan Machinery stock in a transaction on Tuesday, March 21st. The shares were acquired at an average cost 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 purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TITN shares. Robert W. Baird lowered their price target 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. StockNews.com assumed coverage on shares of Titan Machinery in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.67.

About Titan Machinery

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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.