Titan International, Inc. $TWI Position Raised by EVR Research LP

EVR Research LP grew its stake in Titan International, Inc. (NYSE:TWI) by 27.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,400,000 shares of the industrial products company’s stock after purchasing an additional 300,000 shares during the period. Titan International makes up about 6.2% of EVR Research LP’s portfolio, making the stock its 5th biggest position. EVR Research LP owned about 2.19% of Titan International worth $14,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in Titan International by 38.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 685,446 shares of the industrial products company’s stock valued at $5,751,000 after buying an additional 191,035 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Titan International in the first quarter valued at $281,000. Nuveen LLC purchased a new stake in shares of Titan International in the first quarter valued at $1,297,000. Public Sector Pension Investment Board lifted its holdings in shares of Titan International by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 152,181 shares of the industrial products company’s stock worth $1,277,000 after acquiring an additional 32,643 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Titan International during the 1st quarter worth about $1,930,000. Institutional investors own 80.39% of the company’s stock.

Analyst Ratings Changes

TWI has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Titan International in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Titan International Price Performance

Shares of TWI stock opened at $8.40 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.28 and a quick ratio of 1.25. The company has a market capitalization of $536.87 million, a P/E ratio of -83.95 and a beta of 1.39. The company’s 50-day simple moving average is $7.81 and its two-hundred day simple moving average is $8.49. Titan International, Inc. has a one year low of $5.93 and a one year high of $10.94.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. The firm had revenue of $466.47 million during the quarter, compared to the consensus estimate of $458.74 million. Titan International had a negative net margin of 0.34% and a positive return on equity of 1.38%. As a group, equities analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.

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.