Titan Machinery Inc. $TITN Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its position in Titan Machinery Inc. (NASDAQ:TITN) by 19.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,986 shares of the company’s stock after selling 121,820 shares during the period. Bessemer Group Inc. owned approximately 2.20% of Titan Machinery worth $10,043,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Pullen Investment Management LLC acquired a new stake in shares of Titan Machinery in the 2nd quarter worth about $668,000. Stephens Investment Management Group LLC acquired a new stake in shares of Titan Machinery in the second quarter valued at approximately $7,606,000. SummerHaven Investment Management LLC increased its stake in shares of Titan Machinery by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 52,127 shares of the company’s stock valued at $1,033,000 after purchasing an additional 872 shares during the period. Strs Ohio acquired a new stake in Titan Machinery in the 1st quarter valued at approximately $365,000. Finally, Caxton Associates LLP acquired a new stake in Titan Machinery in the 1st quarter valued at approximately $461,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on TITN shares. Weiss Ratings restated a “sell (d)” rating on shares of Titan Machinery in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.25.

Titan Machinery Price Performance

NASDAQ:TITN opened at $16.52 on Wednesday. The business’s 50-day moving average price is $17.94 and its 200 day moving average price is $18.74. The firm has a market cap of $386.07 million, a P/E ratio of -6.12 and a beta of 1.27. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. Titan Machinery Inc. has a 52-week low of $12.50 and a 52-week high of $23.41.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Thursday, August 28th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.30. The company had revenue of $546.43 million for the quarter, compared to analysts’ expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

About Titan Machinery

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.