Deutsche Bank AG Increases Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Deutsche Bank AG increased its stake in Titan Machinery Inc. (NASDAQ:TITN) by 9.0% in Q4, owning 597,714 shares valued at $8.45 million. Other institutional investors also adjusted their holdings, with Barclays PLC raising its stake by 287.0%. Titan Machinery's stock rose 1.5% to $21.53, with a market cap of $497.04 million. Analysts have mixed ratings, with an average rating of "Moderate Buy" and a consensus price target of $19.80. Insider activity includes Chairman David Meyer purchasing 22,524 shares, increasing his position by 19.96%.

Deutsche Bank AG lifted its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 597,714 shares of the company's stock after purchasing an additional 49,178 shares during the quarter. Deutsche Bank AG owned about 2.58% of Titan Machinery worth $8,446,000 as of its most recent SEC filing.

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Several other institutional investors have also recently modified their holdings of TITN. Barclays PLC raised its stake in shares of Titan Machinery by 287.0% in the third quarter. Barclays PLC now owns 31,872 shares of the company's stock worth $444,000 after purchasing an additional 23,637 shares during the last quarter. R Squared Ltd purchased a new position in shares of Titan Machinery in the fourth quarter worth about $26,000. Empowered Funds LLC raised its stake in shares of Titan Machinery by 5.1% in the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock worth $283,000 after purchasing an additional 962 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in shares of Titan Machinery in the fourth quarter worth about $142,000. Finally, US Bancorp DE raised its stake in shares of Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company's stock worth $55,000 after purchasing an additional 741 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Stock Up 1.5%

Titan Machinery stock opened at $21.53 on Friday. The stock has a market capitalization of $497.04 million, a PE ratio of 16.07 and a beta of 1.35. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $24.17. The business has a 50 day simple moving average of $16.83 and a 200-day simple moving average of $16.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Northland Securities upgraded Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a research report on Friday, April 11th. Baird R W upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Robert W. Baird reduced their price target on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. B. Riley assumed coverage on Titan Machinery in a research report on Thursday, March 27th. They set a "neutral" rating and a $19.00 price target for the company. Finally, Northland Capmk upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $19.80.

Read Our Latest Report on TITN

Insider Activity

In other news, Chairman David Joseph Meyer purchased 22,524 shares of the stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $16.83 per share, with a total value of $379,078.92. Following the completion of the purchase, the chairman now directly owns 135,388 shares of the company's stock, valued at approximately $2,278,580.04. The trade was a 19.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 26,182 shares of company stock worth $439,661 over the last three months. 10.28% of the stock is currently owned by corporate insiders.

Titan Machinery Profile

(Free Report)

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.

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