Public Employees Retirement System of Ohio Buys New Shares in Titan Machinery Inc. $TITN

Public Employees Retirement System of Ohio purchased a new stake in shares of Titan Machinery Inc. (NASDAQ:TITN) during the second quarter, Holdings Channel reports. The fund purchased 21,730 shares of the company’s stock, valued at approximately $459,000.

A number of other large investors have also recently bought and sold shares of TITN. Quarry LP raised its position in shares of Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after acquiring an additional 1,006 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Titan Machinery during the 2nd quarter valued at about $45,000. Tower Research Capital LLC TRC boosted its position in shares of Titan Machinery by 352.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Titan Machinery by 94.3% during the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock worth $67,000 after purchasing an additional 1,957 shares during the period. Finally, Graham Capital Management L.P. grew its stake in Titan Machinery by 8.1% during the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company’s stock worth $175,000 after purchasing an additional 869 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Stock Performance

Shares of Titan Machinery stock opened at $23.64 on Friday. The business has a 50-day simple moving average of $19.54 and a 200 day simple moving average of $19.52. Titan Machinery Inc. has a one year low of $13.21 and a one year high of $26.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 0.21. The firm has a market capitalization of $556.25 million, a price-to-earnings ratio of -9.49 and a beta of 1.43.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). Titan Machinery had a negative net margin of 2.46% and a negative return on equity of 9.17%. The firm had revenue of $496.38 million during the quarter, compared to analyst estimates of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. On average, research analysts anticipate that Titan Machinery Inc. will post -1.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Robert W. Baird set a $29.00 price target on Titan Machinery and gave the company an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan Machinery in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Titan Machinery has an average rating of “Hold” and a consensus target price of $29.00.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.