Titan International, Inc. $TWI Stock Holdings Trimmed by EVR Research LP

EVR Research LP decreased its holdings in Titan International, Inc. (NYSE:TWI) by 63.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 510,000 shares of the industrial products company’s stock after selling 890,000 shares during the quarter. Titan International accounts for approximately 2.3% of EVR Research LP’s holdings, making the stock its 14th largest position. EVR Research LP owned approximately 0.80% of Titan International worth $3,856,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TWI. Donald Smith & CO. Inc. lifted its holdings in Titan International by 92.2% in the second quarter. Donald Smith & CO. Inc. now owns 1,459,953 shares of the industrial products company’s stock worth $14,994,000 after purchasing an additional 700,467 shares during the period. Victory Capital Management Inc. increased its stake in Titan International by 11.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,649,715 shares of the industrial products company’s stock valued at $12,472,000 after buying an additional 167,032 shares during the period. Bank of America Corp DE raised its position in shares of Titan International by 35.1% during the 2nd quarter. Bank of America Corp DE now owns 584,390 shares of the industrial products company’s stock worth $6,002,000 after buying an additional 151,888 shares in the last quarter. American Century Companies Inc. raised its position in shares of Titan International by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 1,212,683 shares of the industrial products company’s stock worth $12,454,000 after buying an additional 141,256 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Titan International by 35.5% during the 1st quarter. Jane Street Group LLC now owns 424,724 shares of the industrial products company’s stock worth $3,563,000 after buying an additional 111,309 shares in the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Titan International in a report on Monday, December 29th. DA Davidson set a $13.00 target price on Titan International in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Titan International currently has an average rating of “Moderate Buy” and a consensus price target of $11.67.

Titan International Price Performance

Shares of NYSE TWI opened at $7.99 on Friday. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $11.70. The company has a current ratio of 2.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $511.20 million, a price-to-earnings ratio of -7.99 and a beta of 1.47. The firm has a 50-day moving average of $9.54 and a two-hundred day moving average of $8.55.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, February 26th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.01). Titan International had a negative return on equity of 2.82% and a negative net margin of 3.47%.The business had revenue of $410.44 million during the quarter, compared to analyst estimates of $396.86 million. As a group, analysts expect that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Titan International news, major shareholder Aipct Holdings Llc sold 3,041,288 shares of Titan International stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.95, for a total value of $27,219,527.60. Following the transaction, the insider owned 8,880,478 shares in the company, valued at approximately $79,480,278.10. The trade was a 25.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 25.00% of the company’s stock.

Titan International Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.