Insider Selling: Titan International, Inc. (NYSE:TWI) CAO Sells 2,500 Shares of Stock

Titan International, Inc. (NYSE:TWI) CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Titan International Stock Performance

NYSE TWI opened at $12.46 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. The firm’s fifty day moving average price is $13.65 and its two-hundred day moving average price is $13.41. Titan International, Inc. has a 1 year low of $9.23 and a 1 year high of $15.33. The firm has a market capitalization of $755.70 million, a P/E ratio of 9.97 and a beta of 2.10.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. Titan International had a net margin of 4.32% and a return on equity of 22.57%. The firm had revenue of $390.20 million for the quarter, compared to analyst estimates of $418.05 million. As a group, research analysts anticipate that Titan International, Inc. will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

Hedge Funds Weigh In On Titan International

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of Titan International by 38.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock valued at $34,379,000 after purchasing an additional 637,123 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Titan International in the third quarter valued at about $2,564,000. Trexquant Investment LP raised its position in shares of Titan International by 2.2% in the second quarter. Trexquant Investment LP now owns 108,059 shares of the industrial products company’s stock valued at $1,241,000 after purchasing an additional 2,371 shares during the period. TD Asset Management Inc raised its position in shares of Titan International by 12.3% in the third quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company’s stock valued at $745,000 after purchasing an additional 6,100 shares during the period. Finally, Mork Capital Management LLC bought a new position in shares of Titan International in the third quarter valued at about $1,209,000. 80.39% of the stock is owned by institutional investors.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.