Aristotle Capital Boston LLC Sells 43,037 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Aristotle Capital Boston LLC trimmed its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 424,013 shares of the company’s stock after selling 43,037 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Titan Machinery were worth $5,991,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Titan Machinery in the fourth quarter worth $26,000. Russell Investments Group Ltd. lifted its stake in Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after purchasing an additional 882 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Titan Machinery by 23.8% during the 4th quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after purchasing an additional 741 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Titan Machinery by 91.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company’s stock valued at $122,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Meixler Investment Management Ltd. bought a new stake in shares of Titan Machinery in the fourth quarter worth about $142,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Up 7.9 %

Shares of TITN opened at $18.25 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $16.05 and a 200 day moving average of $15.70. The company has a market cap of $421.32 million, a PE ratio of 13.62 and a beta of 1.35. Titan Machinery Inc. has a 52-week low of $12.30 and a 52-week high of $24.28.

Insider Transactions at Titan Machinery

In other Titan Machinery news, Chairman David Joseph Meyer purchased 3,000 shares of Titan Machinery stock in a transaction dated Monday, March 24th. The shares were purchased at an average cost of $16.86 per share, for a total transaction of $50,580.00. Following the completion of the acquisition, the chairman now owns 138,388 shares in the company, valued at $2,333,221.68. This represents a 2.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders bought 26,182 shares of company stock worth $439,661. 10.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird dropped their price target on Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Northland Securities raised shares of Titan Machinery from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Friday, April 11th. Northland Capmk raised shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. B. Riley initiated coverage on shares of Titan Machinery in a research note on Thursday, March 27th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.80.

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.