UBS Group AG Grows Holdings in Titan International, Inc. $TWI

UBS Group AG grew its stake in Titan International, Inc. (NYSE:TWI) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,894 shares of the industrial products company’s stock after buying an additional 69,785 shares during the period. UBS Group AG owned approximately 0.52% of Titan International worth $2,591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Titan International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,527,269 shares of the industrial products company’s stock worth $26,666,000 after buying an additional 12,630 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Titan International by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,238,348 shares of the industrial products company’s stock worth $24,483,000 after buying an additional 74,845 shares in the last quarter. Victory Capital Management Inc. grew its stake in Titan International by 11.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,649,715 shares of the industrial products company’s stock worth $12,472,000 after buying an additional 167,032 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Titan International by 1.7% in the 3rd quarter. Royce & Associates LP now owns 1,128,985 shares of the industrial products company’s stock valued at $8,535,000 after purchasing an additional 18,881 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Titan International by 9.9% in the 3rd quarter. Invesco Ltd. now owns 853,293 shares of the industrial products company’s stock valued at $6,451,000 after purchasing an additional 76,551 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Trading Down 1.4%

NYSE:TWI opened at $7.25 on Wednesday. The company has a fifty day moving average of $7.63 and a 200 day moving average of $8.39. Titan International, Inc. has a 52 week low of $6.43 and a 52 week high of $11.70. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $466.70 million, a P/E ratio of -5.29 and a beta of 1.50.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.39). Titan International had a negative net margin of 4.72% and a negative return on equity of 3.00%. The firm had revenue of $505.07 million for the quarter, compared to the consensus estimate of $497.23 million. On average, research analysts predict that Titan International, Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Aipct Holdings Llc sold 3,041,288 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $8.95, for a total transaction of $27,219,527.60. Following the completion of the sale, the insider directly owned 8,880,478 shares in the company, valued at $79,480,278.10. This represents a 25.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TWI has been the subject of a number of research reports. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan International in a research note on Wednesday, April 22nd. Finally, DA Davidson set a $13.00 price objective on shares of Titan International in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Titan International Company Profile

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.