Fishman Jay A Ltd. MI Sells 35,785 Shares of Titan International Inc (NYSE:TWI)

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Fishman Jay A Ltd. MI decreased its holdings in Titan International Inc (NYSE:TWI) by 1.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,808,247 shares of the industrial products company’s stock after selling 35,785 shares during the quarter. Titan International comprises approximately 1.4% of Fishman Jay A Ltd. MI’s holdings, making the stock its 19th largest position. Fishman Jay A Ltd. MI’s holdings in Titan International were worth $7,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Titan International during the 3rd quarter valued at $27,000. Quantamental Technologies LLC acquired a new stake in shares of Titan International during the 2nd quarter valued at $30,000. Commonwealth Equity Services LLC acquired a new stake in shares of Titan International during the 2nd quarter valued at $59,000. Spears Abacus Advisors LLC acquired a new stake in shares of Titan International during the 2nd quarter valued at $62,000. Finally, Strs Ohio boosted its holdings in shares of Titan International by 165.2% during the 2nd quarter. Strs Ohio now owns 17,500 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 10,900 shares in the last quarter. Institutional investors own 84.25% of the company’s stock.

Several research firms recently weighed in on TWI. ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. TheStreet downgraded Titan International from a “c-” rating to a “d+” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research downgraded Titan International from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

In related news, Director Maurice M. Taylor, Jr. bought 13,805 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $3.02 per share, with a total value of $41,691.10. Following the acquisition, the director now owns 702,889 shares of the company’s stock, valued at $2,122,724.78. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Maurice M. Taylor, Jr. bought 18,570 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $2.97 per share, for a total transaction of $55,152.90. Following the completion of the acquisition, the director now directly owns 702,889 shares in the company, valued at approximately $2,087,580.33. The disclosure for this purchase can be found here. 17.80% of the stock is currently owned by insiders.

Shares of NYSE TWI traded down $0.19 during mid-day trading on Friday, hitting $2.76. 287,785 shares of the stock traded hands, compared to its average volume of 408,856. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.00 and a quick ratio of 1.02. Titan International Inc has a twelve month low of $2.25 and a twelve month high of $7.65. The company has a market cap of $181.10 million, a PE ratio of 10.22 and a beta of 2.16. The firm has a 50 day simple moving average of $2.75 and a two-hundred day simple moving average of $3.81.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, November 7th. The industrial products company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). The company had revenue of $345.90 million for the quarter, compared to analyst estimates of $369.33 million. Titan International had a negative return on equity of 5.32% and a negative net margin of 1.31%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. On average, equities research analysts anticipate that Titan International Inc will post -0.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, September 27th. Titan International’s payout ratio is presently 7.41%.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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