GSA Capital Partners LLP Invests $544,000 in Titan International, Inc. $TWI

GSA Capital Partners LLP acquired a new position in Titan International, Inc. (NYSE:TWI) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 71,961 shares of the industrial products company’s stock, valued at approximately $544,000. GSA Capital Partners LLP owned 0.11% of Titan International as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in shares of Titan International during the third quarter valued at $31,000. Byrne Asset Management LLC acquired a new stake in Titan International during the 3rd quarter worth about $32,000. Strs Ohio purchased a new position in Titan International during the 3rd quarter valued at about $36,000. AlphaQuest LLC acquired a new position in shares of Titan International in the 2nd quarter valued at about $43,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Titan International in the second quarter worth approximately $46,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWI has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Titan International in a research report on Monday, December 29th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Titan International Price Performance

NYSE TWI opened at $10.43 on Tuesday. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $11.70. The stock’s 50-day moving average is $9.21 and its two-hundred day moving average is $8.49. The firm has a market cap of $667.00 million, a P/E ratio of -104.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.28 and a quick ratio of 1.25.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.