First Heartland Consultants Inc. held its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,050 shares of the company’s stock at the end of the third quarter. First Heartland Consultants Inc. owned 0.20% of Titan Machinery worth $437,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in TITN. Rutabaga Capital Management LLC MA boosted its position in shares of Titan Machinery by 4.1% in the third quarter. Rutabaga Capital Management LLC MA now owns 519,750 shares of the company’s stock worth $4,828,000 after buying an additional 20,650 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Titan Machinery by 12.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,621 shares of the company’s stock worth $1,568,000 after buying an additional 15,709 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in shares of Titan Machinery during the second quarter worth $158,000. Ingalls & Snyder LLC acquired a new position in shares of Titan Machinery during the third quarter worth $131,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Titan Machinery by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 871,875 shares of the company’s stock worth $9,067,000 after buying an additional 11,419 shares during the period. Institutional investors and hedge funds own 85.40% of the company’s stock.
Titan Machinery Inc. (NASDAQ:TITN) opened at 13.75 on Tuesday. Titan Machinery Inc. has a 12-month low of $7.87 and a 12-month high of $15.93. The firm’s 50-day moving average is $14.04 and its 200 day moving average is $12.02. The firm’s market cap is $291.75 million.
Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Wednesday, November 30th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.06. Titan Machinery had a negative net margin of 3.33% and a negative return on equity of 10.64%. The company had revenue of $332.30 million for the quarter, compared to the consensus estimate of $305.11 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Titan Machinery’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts predict that Titan Machinery Inc. will post ($0.54) EPS for the current year.
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A number of research analysts recently weighed in on the stock. Standpoint Research cut shares of Titan Machinery from a “buy” rating to a “hold” rating in a report on Friday, December 2nd. Zacks Investment Research upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Finally, Aegis assumed coverage on shares of Titan Machinery in a report on Tuesday, January 10th. They issued a “buy” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.33.
About Titan Machinery
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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