Teton Advisors Inc. Sells 1,000 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Teton Advisors Inc. decreased its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,000 shares of the company’s stock after selling 1,000 shares during the period. Teton Advisors Inc. owned about 0.31% of Titan Machinery worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Quent Capital LLC acquired a new stake in Titan Machinery during the 4th quarter valued at $87,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Titan Machinery in the third quarter valued at $128,000. Quest Partners LLC bought a new position in shares of Titan Machinery in the fourth quarter valued at about $165,000. Truvestments Capital LLC raised its holdings in shares of Titan Machinery by 30.7% in the third quarter. Truvestments Capital LLC now owns 7,367 shares of the company’s stock valued at $196,000 after buying an additional 1,731 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in Titan Machinery during the 3rd quarter worth about $222,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Titan Machinery Trading Down 0.3 %

Shares of NASDAQ:TITN traded down $0.07 during trading on Monday, hitting $22.63. 114,579 shares of the company’s stock were exchanged, compared to its average volume of 179,000. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 0.16. The firm has a market cap of $516.39 million, a P/E ratio of 4.58 and a beta of 1.41. The firm has a 50-day moving average price of $24.42 and a two-hundred day moving average price of $25.71. Titan Machinery Inc. has a 1-year low of $21.44 and a 1-year high of $35.88.

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

Titan Machinery 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.