Titan International, Inc. $TWI Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in shares of Titan International, Inc. (NYSE:TWI) by 89.0% in the third quarter, Holdings Channel.com reports. The fund owned 66,687 shares of the industrial products company’s stock after selling 541,913 shares during the quarter. LSV Asset Management’s holdings in Titan International were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TWI. Royal Bank of Canada boosted its stake in shares of Titan International by 23.6% in the first quarter. Royal Bank of Canada now owns 48,782 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 9,327 shares during the last quarter. Empowered Funds LLC lifted its holdings in Titan International by 4.2% in the 1st quarter. Empowered Funds LLC now owns 325,470 shares of the industrial products company’s stock valued at $2,731,000 after purchasing an additional 13,083 shares in the last quarter. Jane Street Group LLC boosted its stake in Titan International by 35.5% during the 1st quarter. Jane Street Group LLC now owns 424,724 shares of the industrial products company’s stock worth $3,563,000 after purchasing an additional 111,309 shares during the last quarter. CWM LLC grew its holdings in shares of Titan International by 150.5% during the second quarter. CWM LLC now owns 17,662 shares of the industrial products company’s stock worth $181,000 after buying an additional 10,612 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Titan International during the second quarter worth $138,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TWI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Titan International in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Titan International Trading Down 2.2%

Shares of TWI stock opened at $10.78 on Wednesday. The company’s 50-day moving average price is $9.04 and its 200-day moving average price is $8.43. The company has a current ratio of 2.28, a quick ratio of 1.25 and a debt-to-equity ratio of 0.97. The stock has a market cap of $689.38 million, a price-to-earnings ratio of -107.80 and a beta of 1.50. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $11.70.

Titan International 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.