Sei Investments Co. Increases Position in Titan International, Inc. $TWI

Sei Investments Co. increased its position in shares of Titan International, Inc. (NYSE:TWI) by 99.4% during the 1st quarter, Holdings Channel reports. The firm owned 369,535 shares of the industrial products company’s stock after acquiring an additional 184,176 shares during the period. Sei Investments Co.’s holdings in Titan International were worth $2,553,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State of Wyoming boosted its holdings in Titan International by 45.2% in the 1st quarter. State of Wyoming now owns 4,758 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,482 shares during the period. Deutsche Bank AG raised its holdings in Titan International by 4.8% during the fourth quarter. Deutsche Bank AG now owns 41,775 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 1,913 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Titan International by 4.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 58,657 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 2,573 shares during the period. Prudential Financial Inc. lifted its position in shares of Titan International by 6.3% in the second quarter. Prudential Financial Inc. now owns 52,026 shares of the industrial products company’s stock valued at $534,000 after acquiring an additional 3,085 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake 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 worth $53,000 after acquiring an additional 3,410 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Price Performance

Titan International stock opened at $7.36 on Friday. The firm’s fifty day moving average is $7.53 and its 200 day moving average is $8.18. The company has a quick ratio of 1.15, a current ratio of 2.11 and a debt-to-equity ratio of 1.10. The company has a market cap of $475.01 million, a price-to-earnings ratio of -6.08 and a beta of 1.45. Titan International, Inc. has a 52-week low of $6.43 and a 52-week high of $11.70.

Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. The company had revenue of $484.77 million during 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%. Sell-side analysts forecast that Titan International, Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TWI. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. DA Davidson reissued a “buy” rating and issued a $13.00 price target on shares of Titan International in a report on Friday, June 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Titan International in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company 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.