M&T Bank Corp Has $495,000 Stock Position in Titan Machinery Inc. (NASDAQ:TITN)

M&T Bank Corp boosted its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 54.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,468 shares of the company’s stock after purchasing an additional 12,556 shares during the period. M&T Bank Corp owned 0.15% of Titan Machinery worth $495,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Dana Investment Advisors Inc. boosted its holdings in shares of Titan Machinery by 32.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after buying an additional 95,221 shares during the last quarter. Systematic Financial Management LP bought a new stake in Titan Machinery during the third quarter worth $483,000. ArrowMark Colorado Holdings LLC lifted its stake in Titan Machinery by 28.4% in the third quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock valued at $4,762,000 after acquiring an additional 75,710 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Titan Machinery by 28.8% in the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock valued at $5,772,000 after acquiring an additional 81,248 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Titan Machinery by 16.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after purchasing an additional 84,330 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TITN. B. Riley reduced their price target on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. Northland Securities reiterated a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a research note on Friday, September 13th. Finally, Northland Capmk cut Titan Machinery from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Titan Machinery has a consensus rating of “Hold” and an average price target of $21.00.

Titan Machinery Stock Performance

NASDAQ:TITN opened at $14.74 on Wednesday. The stock has a 50 day simple moving average of $14.71 and a 200 day simple moving average of $15.10. The stock has a market cap of $340.88 million, a P/E ratio of 11.00 and a beta of 1.30. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The company had revenue of $679.80 million during the quarter, compared to the consensus estimate of $675.30 million. During the same quarter last year, the firm earned $1.32 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Research analysts anticipate that Titan Machinery Inc. will post 0.05 earnings per share for the current year.

About Titan Machinery

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.