SG Americas Securities LLC trimmed its holdings in shares of Titan International, Inc. (NYSE:TWI) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,054 shares of the industrial products company’s stock after selling 2,503 shares during the quarter. SG Americas Securities LLC’s holdings in Titan International were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Titan International by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,713,774 shares of the industrial products company’s stock valued at $38,400,000 after buying an additional 432,707 shares during the period. Vanguard Group Inc. lifted its holdings in Titan International by 8.7% during the first quarter. Vanguard Group Inc. now owns 3,058,650 shares of the industrial products company’s stock valued at $31,626,000 after purchasing an additional 244,283 shares in the last quarter. Fishman Jay A Ltd. MI lifted its holdings in Titan International by 3.7% during the second quarter. Fishman Jay A Ltd. MI now owns 2,833,032 shares of the industrial products company’s stock valued at $34,025,000 after purchasing an additional 102,150 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Titan International by 6.7% during the first quarter. Ameriprise Financial Inc. now owns 787,731 shares of the industrial products company’s stock valued at $8,146,000 after purchasing an additional 49,641 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Titan International by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 616,894 shares of the industrial products company’s stock valued at $6,378,000 after purchasing an additional 44,300 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Titan International, Inc. (NYSE TWI) opened at 10.17 on Tuesday. Titan International, Inc. has a 12-month low of $7.97 and a 12-month high of $14.23. The stock has a 50 day moving average of $9.42 and a 200 day moving average of $10.69. The stock’s market cap is $607.15 million.

Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. During the same period in the prior year, the business posted ($0.04) EPS. Titan International’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Titan International, Inc. will post ($0.26) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.005 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.20%. Titan International’s dividend payout ratio is currently -2.44%.

Several brokerages have weighed in on TWI. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, June 30th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, BidaskClub downgraded shares of Titan International from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Titan International presently has an average rating of “Hold” and a consensus target price of $14.00.

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Titan International Profile

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.

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

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