Titan International (NYSE:TWI) Major Shareholder Aipct Holdings Llc Sells 3,041,288 Shares of Stock

Titan International, Inc. (NYSE:TWI) major shareholder Aipct Holdings Llc sold 3,041,288 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.95, for a total transaction of $27,219,527.60. Following the completion of the transaction, the insider directly owned 8,880,478 shares in the company, valued at approximately $79,480,278.10. The trade was a 25.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Titan International Stock Performance

Shares of TWI opened at $8.68 on Friday. The firm has a market capitalization of $555.69 million, a P/E ratio of -8.68 and a beta of 1.47. Titan International, Inc. has a 52 week low of $5.93 and a 52 week high of $11.70. The stock has a 50 day moving average price of $9.51 and a two-hundred day moving average price of $8.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.20 and a current ratio of 2.30.

Titan International (NYSE:TWI) last posted its earnings results on Thursday, February 26th. The industrial products company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.01). The company had revenue of $410.44 million during the quarter, compared to the consensus estimate of $396.86 million. Titan International had a negative net margin of 3.47% and a negative return on equity of 2.82%. Equities analysts forecast that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TWI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Titan International in a report on Monday, December 29th. DA Davidson set a $13.00 target price on shares of Titan International in a report on Tuesday. Finally, Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Institutional Trading of Titan International

A number of hedge funds have recently bought and sold shares of TWI. Brandywine Global Investment Management LLC grew its position in Titan International by 20.0% during the second quarter. Brandywine Global Investment Management LLC now owns 276,110 shares of the industrial products company’s stock valued at $2,836,000 after acquiring an additional 46,110 shares during the last quarter. EVR Research LP lifted its holdings in shares of Titan International by 27.3% in the 2nd quarter. EVR Research LP now owns 1,400,000 shares of the industrial products company’s stock worth $14,378,000 after acquiring an additional 300,000 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Titan International by 22.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 620,251 shares of the industrial products company’s stock valued at $6,370,000 after purchasing an additional 115,087 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Titan International by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 1,212,683 shares of the industrial products company’s stock valued at $12,454,000 after purchasing an additional 141,256 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of Titan International by 33.1% during the 2nd quarter. Bailard Inc. now owns 55,200 shares of the industrial products company’s stock valued at $567,000 after purchasing an additional 13,731 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

Titan International Company Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.