Were Analysts Bearish Titan Machinery Inc. (NASDAQ:TITN) This Week?

May 23, 2018 - By Henry Gaston

Titan Machinery Inc. (NASDAQ:TITN) LogoInvestors sentiment increased to 1.43 in 2017 Q4. Its up 0.08, from 1.35 in 2017Q3. It increased, as 12 investors sold Titan Machinery Inc. shares while 34 reduced holdings. 31 funds opened positions while 35 raised stakes. 16.91 million shares or 3.18% more from 16.39 million shares in 2017Q3 were reported.
Jpmorgan Chase Co holds 1.19 million shares. Arrowstreet Capital Partnership holds 0.01% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN) for 124,731 shares. Royal Bancorp Of Canada invested in 9,859 shares. Vanguard Grp Inc Inc accumulated 805,263 shares or 0% of the stock. Gsa Capital Prns Llp, United Kingdom-based fund reported 12,257 shares. 299,959 were reported by Acadian Asset Llc. Schwab Charles Mgmt has invested 0% in Titan Machinery Inc. (NASDAQ:TITN). Ameriprise Fin Inc owns 32,800 shares. Wells Fargo Mn stated it has 0% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN). Ingalls And Snyder Lc holds 0.01% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN) for 11,366 shares. Jane Street Gp Ltd owns 0% invested in Titan Machinery Inc. (NASDAQ:TITN) for 11,855 shares. Massachusetts Fincl Services Communications Ma accumulated 49,599 shares. 249,534 are owned by United Svcs Automobile Association. 107,658 are owned by Eam Invsts Ltd Llc. 284,932 are held by Rutabaga Mngmt Ltd Ma.

Since January 3, 2018, it had 0 buys, and 2 insider sales for $1.41 million activity. Knutson Bryan J also sold $56,763 worth of Titan Machinery Inc. (NASDAQ:TITN) shares.

Titan Machinery Inc. (NASDAQ:TITN) Ratings Coverage

Among 5 analysts covering Titan Machinery Inc (NASDAQ:TITN), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Titan Machinery Inc had 7 analyst reports since December 1, 2017 according to SRatingsIntel. The stock of Titan Machinery Inc. (NASDAQ:TITN) has “Hold” rating given on Thursday, March 29 by Stephens. On Tuesday, January 2 the stock rating was upgraded by William Blair to “Market Perform”. As per Thursday, November 30, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Thursday, March 29 by Robert W. Baird. The firm has “Hold” rating given on Wednesday, April 4 by William Blair. Robert W. Baird maintained Titan Machinery Inc. (NASDAQ:TITN) on Friday, December 1 with “Buy” rating. Below is a list of Titan Machinery Inc. (NASDAQ:TITN) latest ratings and price target changes.

04/04/2018 Broker: William Blair Rating: Hold Maintain
29/03/2018 Broker: Stephens Rating: Hold New Target: $23.0000 Maintain
29/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $26.0000 Maintain
29/03/2018 Broker: Craig Hallum Rating: Buy New Target: $26.0000
02/01/2018 Broker: William Blair Old Rating: Underperform New Rating: Market Perform Upgrade
30/11/2017 Broker: Piper Jaffray Rating: Hold New Target: $19.0 Maintain
01/12/2017 Broker: Robert W. Baird Rating: Buy New Target: $25.0 Maintain

The stock decreased 0.33% or $0.07 during the last trading session, reaching $20.88. About 68,504 shares traded. Titan Machinery Inc. (NASDAQ:TITN) has risen 42.88% since May 23, 2017 and is uptrending. It has outperformed by 31.33% the S&P500.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The company has market cap of $452.56 million. It operates through three divisions: Agriculture, Construction, and International. It currently has negative earnings. The firm sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

More recent Titan Machinery Inc. (NASDAQ:TITN) news were published by: Globenewswire.com which released: “Titan Machinery Provides Advanced Precision Support with AgriSync” on May 18, 2018. Also Seekingalpha.com published the news titled: “Titan Machinery announces expansion into Germany” on April 30, 2018. Nasdaq.com‘s news article titled: “Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2018 Results on May 31, 2018” with publication date: May 17, 2018 was also an interesting one.

Titan Machinery Inc. (NASDAQ:TITN) Institutional Positions Chart

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