Semanteon Capital Management LP Purchases Shares of 17,620 Titan Machinery Inc. (NASDAQ:TITN)

Semanteon Capital Management LP purchased a new stake in Titan Machinery Inc. (NASDAQ:TITN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,620 shares of the company’s stock, valued at approximately $509,000. Semanteon Capital Management LP owned 0.08% of Titan Machinery at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Titan Machinery by 3.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,252 shares of the company’s stock valued at $432,000 after purchasing an additional 469 shares during the period. Deutsche Bank AG raised its stake in shares of Titan Machinery by 0.5% in the 3rd quarter. Deutsche Bank AG now owns 284,603 shares of the company’s stock valued at $7,565,000 after purchasing an additional 1,312 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Titan Machinery by 13.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,583 shares of the company’s stock valued at $335,000 after acquiring an additional 1,379 shares during the last quarter. Truvestments Capital LLC increased its position in shares of Titan Machinery by 30.7% in the third quarter. Truvestments Capital LLC now owns 7,367 shares of the company’s stock valued at $196,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Titan Machinery in the fourth quarter valued at about $87,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TITN shares. Stephens reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Titan Machinery in a research report on Friday, January 12th. TheStreet downgraded Titan Machinery from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Titan Machinery currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

Titan Machinery Stock Performance

Titan Machinery stock traded up $0.09 during midday trading on Friday, reaching $22.70. 78,276 shares of the company’s stock were exchanged, compared to its average volume of 179,796. Titan Machinery Inc. has a 52 week low of $21.44 and a 52 week high of $35.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.19 and a current ratio of 1.32. The firm has a market cap of $518.01 million, a price-to-earnings ratio of 4.60 and a beta of 1.41. The stock’s 50-day simple moving average is $24.50 and its 200 day simple moving average is $25.73.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, March 21st. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The business had revenue of $852.10 million during the quarter, compared to analysts’ expectations of $734.99 million. During the same quarter last year, the company posted $0.81 earnings per share. Titan Machinery’s quarterly revenue was up 46.2% on a year-over-year basis. On average, analysts expect that Titan Machinery Inc. will post 3.35 earnings per share for the current fiscal year.

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.