Bessemer Group Inc. Acquires 81,229 Shares of Titan Machinery Inc. $TITN

Bessemer Group Inc. lifted its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 16.0% in the third quarter, HoldingsChannel.com reports. The fund owned 588,215 shares of the company’s stock after buying an additional 81,229 shares during the quarter. Bessemer Group Inc.’s holdings in Titan Machinery were worth $9,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TITN. American Century Companies Inc. boosted its stake in Titan Machinery by 26.6% in the 2nd quarter. American Century Companies Inc. now owns 1,571,648 shares of the company’s stock worth $31,134,000 after purchasing an additional 330,436 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Titan Machinery during the second quarter valued at approximately $1,999,000. Boston Partners purchased a new position in shares of Titan Machinery in the second quarter worth $508,000. CenterBook Partners LP boosted its position in shares of Titan Machinery by 199.8% during the second quarter. CenterBook Partners LP now owns 216,054 shares of the company’s stock worth $4,280,000 after acquiring an additional 143,979 shares during the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in Titan Machinery during the second quarter valued at $4,755,000. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Up 5.0%

Shares of NASDAQ:TITN opened at $18.60 on Friday. The company has a market cap of $434.68 million, a price-to-earnings ratio of -6.84 and a beta of 1.28. Titan Machinery Inc. has a 12 month low of $12.50 and a 12 month high of $23.41. The company has a current ratio of 1.36, a quick ratio of 0.24 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $16.22 and a 200 day moving average price of $17.36.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.41. The company had revenue of $644.51 million for the quarter, compared to analysts’ expectations of $599.17 million. Titan Machinery had a negative return on equity of 10.30% and a negative net margin of 2.43%.Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

Analysts Set New Price Targets

Several analysts have commented on TITN shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Titan Machinery in a research note on Thursday, January 22nd. Wall Street Zen raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Robert W. Baird reissued a “neutral” rating and set a $21.00 price target (down from $24.00) on shares of Titan Machinery in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.50.

Titan Machinery Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.