CenterBook Partners LP Trims Stock Position in Titan Machinery Inc. $TITN

CenterBook Partners LP decreased its position in Titan Machinery Inc. (NASDAQ:TITN) by 77.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,980 shares of the company’s stock after selling 168,074 shares during the period. CenterBook Partners LP’s holdings in Titan Machinery were worth $803,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TITN. New York State Teachers Retirement System purchased a new position in Titan Machinery in the third quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its position in Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after purchasing an additional 2,043 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Titan Machinery by 14.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,341 shares of the company’s stock valued at $140,000 after purchasing an additional 1,063 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Titan Machinery by 9,628.1% during the 3rd quarter. AlphaQuest LLC now owns 8,658 shares of the company’s stock worth $145,000 after purchasing an additional 8,569 shares during the period. Finally, State of Wyoming increased its position in shares of Titan Machinery by 48.2% during the 2nd quarter. State of Wyoming now owns 9,442 shares of the company’s stock worth $187,000 after purchasing an additional 3,070 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Trading Down 0.5%

NASDAQ TITN opened at $20.41 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.24 and a current ratio of 1.36. The firm has a market cap of $476.98 million, a price-to-earnings ratio of -7.50 and a beta of 1.28. The firm has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $17.33. Titan Machinery Inc. has a one year low of $12.50 and a one year high of $23.41.

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

Analysts Set New Price Targets

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