Schwab Charles Investment Management Inc. decreased its holdings in Titan International, Inc. (NYSE:TWI) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 444,456 shares of the industrial products company’s stock after selling 25,193 shares during the period. Schwab Charles Investment Management Inc. owned 0.75% of Titan International worth $5,338,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Pointe Capital Management LLC bought a new stake in Titan International in the second quarter worth about $685,000. Trexquant Investment LP bought a new stake in Titan International in the second quarter worth about $195,000. Essex Investment Management Co. LLC lifted its stake in Titan International by 52.6% in the second quarter. Essex Investment Management Co. LLC now owns 185,099 shares of the industrial products company’s stock worth $2,223,000 after purchasing an additional 63,815 shares during the last quarter. Texas Permanent School Fund lifted its stake in Titan International by 0.5% in the second quarter. Texas Permanent School Fund now owns 35,280 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 188 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Titan International by 17.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 600,000 shares of the industrial products company’s stock worth $7,206,000 after purchasing an additional 90,000 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Titan International, Inc. (NYSE:TWI) opened at 9.66 on Friday. The stock’s 50 day moving average is $9.57 and its 200-day moving average is $10.54. The stock’s market capitalization is $576.70 million. Titan International, Inc. has a 12 month low of $7.97 and a 12 month high of $14.23.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The company had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Titan International, Inc. will post ($0.53) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.005 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.21%. Titan International’s dividend payout ratio is currently -2.44%.

Several analysts have issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $10.50 price objective on shares of Titan International in a research note on Friday, October 6th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, BidaskClub downgraded shares of Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Titan International presently has a consensus rating of “Hold” and a consensus price target of $12.75.

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Titan International Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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

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