William Blair Investment Management LLC Has $13 Million Stake in Titan Machinery Inc. (NASDAQ:TITN)

William Blair Investment Management LLC increased its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920,090 shares of the company’s stock after buying an additional 17,689 shares during the quarter. William Blair Investment Management LLC owned about 3.98% of Titan Machinery worth $13,001,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in shares of Titan Machinery by 42.4% during the 4th quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company’s stock worth $8,966,000 after purchasing an additional 188,998 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Titan Machinery by 16.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after purchasing an additional 84,330 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in Titan Machinery by 28.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after buying an additional 75,710 shares in the last quarter. English Capital Management LLC increased its holdings in Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock valued at $3,884,000 after buying an additional 128,073 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Titan Machinery by 21.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 78,510 shares of the company’s stock valued at $1,094,000 after buying an additional 13,757 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Trading Up 6.3 %

NASDAQ TITN opened at $14.73 on Thursday. The business’s fifty day moving average is $16.58 and its 200 day moving average is $15.08. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $27.13. The company has a market cap of $340.65 million, a price-to-earnings ratio of 10.99 and a beta of 1.28. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TITN shares. Baird R W raised shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and raised their target price for the company from $14.00 to $25.00 in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Titan Machinery presently has a consensus rating of “Hold” and a consensus price target of $19.20.

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.