Titan International (NYSE:TWI) Sees Unusually-High Trading Volume

Shares of Titan International, Inc. (NYSE:TWI) saw unusually-strong trading volume on Monday . Approximately 200,566 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 303,513 shares.The stock last traded at $9.89 and had previously closed at $10.02.

Analyst Ratings Changes

Separately, TheStreet cut Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Titan International Stock Down 9.4 %

The company has a market cap of $661.30 million, a P/E ratio of 10.56 and a beta of 2.09. The stock’s 50-day moving average price is $12.20 and its 200-day moving average price is $13.21. The company has a current ratio of 2.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.88.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a net margin of 3.20% and a return on equity of 17.27%. The firm had revenue of $482.21 million during the quarter, compared to analyst estimates of $537.32 million. During the same period last year, the business posted $0.53 EPS. As a group, research analysts forecast that Titan International, Inc. will post 1.46 EPS for the current year.

Insider Transactions at Titan International

In related news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the transaction, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Titan International

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Titan International by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after purchasing an additional 215,637 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Titan International by 38.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock worth $34,379,000 after buying an additional 637,123 shares during the last quarter. LSV Asset Management grew its holdings in shares of Titan International by 0.8% in the fourth quarter. LSV Asset Management now owns 754,759 shares of the industrial products company’s stock valued at $11,231,000 after acquiring an additional 6,059 shares in the last quarter. American Century Companies Inc. increased its position in shares of Titan International by 15.6% during the third quarter. American Century Companies Inc. now owns 700,683 shares of the industrial products company’s stock valued at $9,410,000 after acquiring an additional 94,797 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Titan International by 55.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 582,950 shares of the industrial products company’s stock worth $7,829,000 after acquiring an additional 206,984 shares during the period. 80.39% of the stock is currently owned by institutional investors.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.