Titan Machinery Inc. (NASDAQ:TITN) Chairman David Joseph Meyer Buys 3,000 Shares

Titan Machinery Inc. (NASDAQ:TITN) Chairman David Joseph Meyer acquired 3,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $50,580.00. Following the completion of the acquisition, the chairman now owns 138,388 shares of the company’s stock, valued at $2,333,221.68. This trade represents a 2.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Joseph Meyer also recently made the following trade(s):

• On Friday, March 21st, David Joseph Meyer bought 22,524 shares of Titan Machinery stock. The shares were acquired at an average price of $16.83 per share, for a total transaction of $379,078.92.

Titan Machinery Trading Up 1.2 %

Shares of TITN opened at $17.98 on Wednesday. Titan Machinery Inc. has a 52-week low of $12.30 and a 52-week high of $24.89. The stock has a market cap of $415.81 million, a PE ratio of 13.42 and a beta of 1.28. The firm’s fifty day moving average is $16.84 and its two-hundred day moving average is $15.18. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

TITN has been the subject of a number of research analyst reports. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird reduced their price target on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.00.

Institutional Trading of Titan Machinery

Several large investors have recently bought and sold shares of the business. R Squared Ltd purchased a new position in Titan Machinery in the 4th quarter worth approximately $26,000. Russell Investments Group Ltd. increased its holdings in shares of Titan Machinery by 51.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the last quarter. Truvestments Capital LLC purchased a new position in Titan Machinery during the third quarter worth approximately $41,000. US Bancorp DE lifted its position in Titan Machinery by 23.8% during the fourth quarter. US Bancorp DE now owns 3,861 shares of the company’s stock worth $55,000 after buying an additional 741 shares in the last quarter. Finally, FMR LLC boosted its stake in Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after buying an additional 3,092 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

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.