Dana Investment Advisors Inc. Sells 21,245 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Dana Investment Advisors Inc. lowered its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 369,383 shares of the company’s stock after selling 21,245 shares during the period. Dana Investment Advisors Inc.’s holdings in Titan Machinery were worth $5,219,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. US Bancorp DE increased its holdings in Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after purchasing an additional 741 shares during the period. Meixler Investment Management Ltd. bought a new stake in shares of Titan Machinery in the 4th quarter valued at about $142,000. Empowered Funds LLC increased 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 valued at $283,000 after buying an additional 962 shares during the period. R Squared Ltd bought a new position in shares of Titan Machinery during the fourth quarter worth about $26,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Titan Machinery by 53.8% in the third quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company’s stock worth $387,000 after acquiring an additional 8,942 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

TITN has been the subject of a number of recent analyst reports. Baird R W raised shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird raised shares of Titan Machinery from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $25.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Titan Machinery currently has a consensus rating of “Hold” and a consensus price target of $19.20.

Titan Machinery Trading Up 2.8 %

NASDAQ:TITN opened at $15.55 on Friday. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $27.13. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $359.61 million, a price-to-earnings ratio of 11.60 and a beta of 1.31. The firm has a fifty day simple moving average of $16.46 and a two-hundred day simple moving average of $15.05.

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.