New York State Common Retirement Fund cut its stake in shares of Titan International Inc (NYSE:TWI) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,549 shares of the industrial products company’s stock after selling 11,010 shares during the quarter. New York State Common Retirement Fund owned 0.16% of Titan International worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Titan International by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,922,553 shares of the industrial products company’s stock valued at $47,110,000 after purchasing an additional 208,779 shares during the last quarter. Vanguard Group Inc. raised its position in Titan International by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock valued at $40,224,000 after purchasing an additional 290,653 shares during the last quarter. Franklin Resources Inc. raised its position in Titan International by 70.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock valued at $37,922,000 after purchasing an additional 1,303,200 shares during the last quarter. Fishman Jay A Ltd. MI raised its position in Titan International by 2.5% during the 3rd quarter. Fishman Jay A Ltd. MI now owns 2,903,062 shares of the industrial products company’s stock valued at $29,466,000 after purchasing an additional 70,030 shares during the last quarter. Finally, State Street Corp raised its position in Titan International by 3.7% during the 2nd quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock valued at $12,714,000 after purchasing an additional 37,423 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.

In other news, CFO James M. Froisland bought 5,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $11.65 per share, with a total value of $58,250.00. Following the transaction, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $58,250. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Paul G. Reitz sold 22,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $10.82, for a total value of $238,040.00. The disclosure for this sale can be found here. 17.80% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on TWI shares. Zacks Investment Research raised Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group reaffirmed a “hold” rating and set a $10.50 price target on shares of Titan International in a research report on Friday, October 6th. ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Titan International has an average rating of “Hold” and an average price target of $12.00.

Titan International Inc (TWI) opened at $13.08 on Friday. Titan International Inc has a 52-week low of $7.97 and a 52-week high of $14.23. The stock has a market capitalization of $782.84, a P/E ratio of -15.76 and a beta of 1.82. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, December 28th. Titan International’s dividend payout ratio is currently -2.41%.

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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.

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

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