Comerica Bank raised its stake in Titan International, Inc. (NYSE:TWI) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,460 shares of the industrial products company’s stock after acquiring an additional 2,078 shares during the period. Comerica Bank owned about 0.08% of Titan International worth $615,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $38,400,000 after purchasing an additional 432,707 shares during the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Titan International during the second quarter worth $4,233,000. Vanguard Group Inc. grew its holdings in shares of 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 worth $31,626,000 after purchasing an additional 244,283 shares during the last quarter. Fishman Jay A Ltd. MI grew its holdings in shares of 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 worth $34,025,000 after purchasing an additional 102,150 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Titan International by 17.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 600,000 shares of the industrial products company’s stock worth $7,206,000 after purchasing an additional 90,000 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

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Several analysts have recently commented on the company. BidaskClub upgraded Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, June 30th. Finally, ValuEngine cut Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.00.

Titan International, Inc. (NYSE:TWI) opened at 10.75 on Friday. Titan International, Inc. has a 12-month low of $7.97 and a 12-month high of $14.23. The company has a 50-day moving average price of $9.34 and a 200 day moving average price of $10.66. The company’s market cap is $641.77 million.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The firm had revenue of $364.40 million for the quarter, compared to the consensus estimate of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, analysts forecast that Titan International, Inc. will post ($0.26) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.005 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.19%. Titan International’s dividend payout ratio is currently -2.44%.

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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