Dimensional Fund Advisors LP Raises Holdings in Titan International, Inc. $TWI

Dimensional Fund Advisors LP lifted its position in shares of Titan International, Inc. (NYSE:TWI) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 3,426,873 shares of the industrial products company’s stock after acquiring an additional 204,589 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Titan International worth $23,678,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in Titan International during the 3rd quarter worth approximately $27,000. Russell Investments Group Ltd. lifted its stake in Titan International by 22,000.0% in the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock valued at $32,000 after buying an additional 4,180 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Titan International in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its holdings in shares of Titan International by 191.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 3,410 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Titan International by 2,953.5% during the second quarter. Osaic Holdings Inc. now owns 7,817 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 7,561 shares during the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Stock Performance

Shares of TWI stock opened at $7.20 on Friday. The company has a market cap of $464.88 million, a price-to-earnings ratio of -5.95 and a beta of 1.45. The stock has a 50 day simple moving average of $7.53 and a 200-day simple moving average of $8.18. Titan International, Inc. has a 12-month low of $6.43 and a 12-month high of $11.70. The company has a current ratio of 2.11, a quick ratio of 1.15 and a debt-to-equity ratio of 1.10.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The firm had revenue of $484.77 million for the quarter, compared to analyst estimates of $480.06 million. Titan International had a negative return on equity of 1.56% and a negative net margin of 4.11%. On average, equities analysts forecast that Titan International, Inc. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TWI shares. DA Davidson reaffirmed a “buy” rating and issued a $13.00 target price on shares of Titan International in a report on Friday, June 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan International in a research note on Monday, July 20th. Finally, Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.00.

Titan International Company 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.