LSV Asset Management Boosts Position in Titan International, Inc. (NYSE:TWI)

LSV Asset Management boosted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 754,759 shares of the industrial products company’s stock after buying an additional 6,059 shares during the period. LSV Asset Management’s holdings in Titan International were worth $11,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of TWI. SG Americas Securities LLC purchased a new stake in Titan International in the 3rd quarter worth approximately $139,000. Quantbot Technologies LP grew its position in Titan International by 20.1% during the third quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company’s stock valued at $155,000 after buying an additional 1,935 shares during the period. Olympiad Research LP purchased a new position in Titan International in the third quarter valued at $170,000. Privium Fund Management UK Ltd acquired a new position in shares of Titan International in the third quarter worth about $231,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Titan International by 103.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,163 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 8,216 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.50% of the stock is owned by insiders.

Titan International Stock Performance

TWI opened at $8.87 on Wednesday. The company has a market cap of $645.99 million, a price-to-earnings ratio of 9.96 and a beta of 2.09. The firm’s fifty day simple moving average is $12.00 and its two-hundred day simple moving average is $13.17. The company has a quick ratio of 1.31, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. Titan International, Inc. has a 52-week low of $8.65 and a 52-week high of $15.33.

Titan International (NYSE:TWI) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a return on equity of 17.27% and a net margin of 3.20%. The company had revenue of $482.21 million for the quarter, compared to analyst estimates of $537.32 million. During the same period last year, the firm posted $0.53 EPS. Equities analysts anticipate that Titan International, Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Titan International Profile

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.