Swiss National Bank lifted its stake in shares of Titan International, Inc. (NYSE:TWI) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,800 shares of the industrial products company’s stock after buying an additional 10,700 shares during the quarter. Swiss National Bank owned about 142,043.55% of Titan International worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Titan International by 94.8% during the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after buying an additional 4,597 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Titan International during the second quarter valued at about $125,000. IndexIQ Advisors LLC increased its position in shares of Titan International by 0.6% during the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after buying an additional 66 shares during the period. Westpac Banking Corp purchased a new position in shares of Titan International during the second quarter valued at about $152,000. Finally, Trexquant Investment LP purchased a new position in shares of Titan International during the second quarter valued at about $195,000. Institutional investors own 86.81% of the company’s stock.

Several equities analysts recently issued reports on the stock. BidaskClub cut shares of Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine cut shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. Zacks Investment Research cut shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $12.00 price target on shares of Titan International in a research report on Sunday, November 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $13.50.

In related news, CEO Paul G. Reitz sold 22,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $10.82, for a total transaction of $238,040.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.80% of the company’s stock.

Titan International, Inc. (NYSE:TWI) traded down $0.02 during trading hours on Monday, reaching $11.61. 106,800 shares of the company traded hands, compared to its average volume of 387,067. Titan International, Inc. has a 1-year low of $7.97 and a 1-year high of $14.23. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.28 and a current ratio of 2.22.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The business had revenue of $370.99 million for the quarter, compared to analyst estimates of $331.30 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Titan International’s quarterly revenue was up 21.2% on a year-over-year basis. research analysts anticipate that Titan International, Inc. will post -0.62 EPS for the current fiscal year.

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Titan International Company 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.

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

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