Swiss National Bank continued to hold its position in Titan International, Inc. (NYSE:TWI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,100 shares of the industrial products company’s stock at the end of the first quarter. Swiss National Bank owned about 0.12% of Titan International worth $766,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Titan International by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,281,067 shares of the industrial products company’s stock worth $36,781,000 after buying an additional 527,385 shares during the last quarter. State Street Corp raised its stake in shares of Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock worth $10,852,000 after buying an additional 62,930 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Titan International by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 616,894 shares of the industrial products company’s stock worth $6,378,000 after buying an additional 44,300 shares during the last quarter. FMR LLC bought a new stake in shares of Titan International during the fourth quarter worth $3,443,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Titan International during the first quarter worth $3,071,000. Hedge funds and other institutional investors own 85.35% of the company’s stock.

Titan International, Inc. (TWI) traded down 10.25% during trading on Monday, hitting $10.16. 519,810 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $12.14 and its 200 day moving average price is $11.50. The firm’s market cap is $606.12 million. Titan International, Inc. has a 12-month low of $7.79 and a 12-month high of $14.23.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.18. The company had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. Titan International’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. Equities analysts forecast that Titan International, Inc. will post ($0.11) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.20%. The ex-dividend date was Wednesday, June 28th. Titan International’s payout ratio is -2.44%.

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Several equities research analysts recently commented on the stock. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Sidoti raised shares of Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $14.00 target price (up from $11.50) on shares of Titan International in a report on Friday, April 14th. Zacks Investment Research cut shares of Titan International from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.00.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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