Fisher Asset Management LLC Has $1.71 Million Stake in Titan Machinery Inc. (NASDAQ:TITN)

Fisher Asset Management LLC increased its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 53.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,257 shares of the company’s stock after purchasing an additional 20,703 shares during the quarter. Fisher Asset Management LLC owned approximately 0.26% of Titan Machinery worth $1,711,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TITN. SummerHaven Investment Management LLC boosted its stake in shares of Titan Machinery by 1.7% during the 4th quarter. SummerHaven Investment Management LLC now owns 23,303 shares of the company’s stock valued at $673,000 after buying an additional 391 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Titan Machinery by 3.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,252 shares of the company’s stock valued at $432,000 after purchasing an additional 469 shares during the last quarter. Deutsche Bank AG grew its stake in Titan Machinery by 0.5% in the third quarter. Deutsche Bank AG now owns 284,603 shares of the company’s stock valued at $7,565,000 after purchasing an additional 1,312 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Titan Machinery by 13.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,583 shares of the company’s stock worth $335,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Titan Machinery by 30.7% during the 3rd quarter. Truvestments Capital LLC now owns 7,367 shares of the company’s stock worth $196,000 after purchasing an additional 1,731 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Up 1.2 %

TITN opened at $23.62 on Thursday. Titan Machinery Inc. has a twelve month low of $21.44 and a twelve month high of $35.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.19 and a current ratio of 1.32. The business has a 50 day moving average price of $24.01 and a 200 day moving average price of $25.57. The firm has a market cap of $538.98 million, a P/E ratio of 4.78 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, March 21st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $852.10 million during the quarter, compared to the consensus estimate of $734.99 million. Titan Machinery had a net margin of 4.08% and a return on equity of 18.40%. Titan Machinery’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Research analysts forecast that Titan Machinery Inc. will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TITN shares. Stephens restated an “overweight” rating and issued a $42.00 price objective on shares of Titan Machinery in a report on Friday, January 12th. TheStreet lowered shares of Titan Machinery from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.33.

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.