Titan International (NYSE:TWI) Sees Large Volume Increase

Titan International, Inc. (NYSE:TWI) saw an uptick in trading volume on Monday . 200,566 shares were traded during trading, a decline of 34% from the previous session’s volume of 303,513 shares.The stock last traded at $9.89 and had previously closed at $10.02.

Analysts Set New Price Targets

Separately, TheStreet cut Titan International from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.

Titan International Price Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33. The stock has a market capitalization of $661.30 million, a price-to-earnings ratio of 10.56 and a beta of 2.09. The company has a 50 day moving average of $12.20 and a 200 day moving average of $13.21.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The company had revenue of $482.21 million for the quarter, compared to analyst estimates of $537.32 million. Titan International had a return on equity of 17.27% and a net margin of 3.20%. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, equities research analysts anticipate that Titan International, Inc. will post 1.46 EPS for the current year.

Insider Buying and Selling at Titan International

In related news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the completion of the transaction, the chief accounting officer now owns 52,918 shares in the company, valued at $657,241.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 32.50% of the company’s stock.

Hedge Funds Weigh In On Titan International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in shares of Titan International by 38.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock valued at $34,379,000 after acquiring an additional 637,123 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Titan International by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock worth $50,703,000 after purchasing an additional 215,637 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Titan International by 55.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 582,950 shares of the industrial products company’s stock valued at $7,829,000 after buying an additional 206,984 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in Titan International in the 3rd quarter valued at $2,564,000. Finally, Tritonpoint Wealth LLC purchased a new position in Titan International during the 4th quarter worth $2,568,000. 80.39% of the stock is owned by institutional investors and hedge funds.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.