Titan International (NYSE:TWI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. “

Several other equities research analysts have also recently weighed in on the company. Jefferies Group reiterated a “hold” rating and issued a $12.00 target price on shares of Titan International in a report on Sunday, November 5th. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Titan International has an average rating of “Hold” and an average target price of $12.00.

Titan International (NYSE:TWI) traded down $0.16 on Tuesday, reaching $11.54. The company had a trading volume of 61,575 shares, compared to its average volume of 260,564. Titan International has a one year low of $7.97 and a one year high of $14.31. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17. The stock has a market cap of $714.77, a PE ratio of -13.90 and a beta of 1.73.

In other Titan International news, CEO Paul G. Reitz sold 22,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $10.82, for a total value of $238,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James M. Froisland bought 5,000 shares of the stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $11.65 per share, with a total value of $58,250.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $58,250. The disclosure for this purchase can be found here. 17.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of Titan International during the 2nd quarter worth $125,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Titan International during the 4th quarter worth $135,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Titan International during the 4th quarter worth $216,000. Teacher Retirement System of Texas purchased a new stake in shares of Titan International during the 4th quarter worth $223,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Titan International by 40.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 7,862 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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About Titan International

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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