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

William Blair Investment Management LLC boosted its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 2.0% during the 4th quarter, Holdings Channel reports. 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’s holdings in Titan Machinery were worth $13,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TITN. English Capital Management LLC lifted its position in shares of Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock worth $3,884,000 after purchasing an additional 128,073 shares during the period. Truvestments Capital LLC acquired a new position in Titan Machinery in the third quarter valued at $41,000. FMR LLC lifted its holdings in Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after buying an additional 3,092 shares during the period. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 13,757 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Titan Machinery in the 3rd quarter valued at about $229,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Price Performance

Titan Machinery stock opened at $14.73 on Thursday. Titan Machinery Inc. has a 52 week low of $12.30 and a 52 week high of $27.13. The company’s 50 day moving average price is $16.58 and its two-hundred day moving average price is $15.08. The stock has a market cap of $340.65 million, a P/E 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.

Analysts Set New Price Targets

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

Titan Machinery Company 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.