Sei Investments Co. Increases Holdings in Titan International, Inc. $TWI

Sei Investments Co. grew its position in shares of Titan International, Inc. (NYSE:TWI) by 99.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,535 shares of the industrial products company’s stock after buying an additional 184,176 shares during the quarter. Sei Investments Co. owned 0.57% of Titan International worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TritonPoint Partners LLC purchased a new stake in Titan International during the fourth quarter valued at $1,116,000. UBS Group AG boosted its position in Titan International by 26.7% in the fourth quarter. UBS Group AG now owns 330,894 shares of the industrial products company’s stock worth $2,591,000 after purchasing an additional 69,785 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Titan International by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,426,873 shares of the industrial products company’s stock worth $23,678,000 after purchasing an additional 204,589 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Titan International by 59.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,491,649 shares of the industrial products company’s stock valued at $27,340,000 after purchasing an additional 1,297,542 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Titan International by 3.5% during the 4th quarter. Royce & Associates LP now owns 1,169,052 shares of the industrial products company’s stock valued at $9,154,000 after purchasing an additional 40,067 shares during the period. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TWI has been the subject of several research reports. DA Davidson reaffirmed a “buy” rating and set a $13.00 price target on shares of Titan International in a research report on Friday, June 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan International in a report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Titan International has an average rating of “Hold” and an average price target of $13.00.

Titan International Price Performance

NYSE TWI opened at $7.36 on Friday. The company has a market capitalization of $475.01 million, a PE ratio of -6.08 and a beta of 1.45. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.15 and a current ratio of 2.11. The business’s fifty day moving average is $7.53 and its 200 day moving average is $8.18. Titan International, Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $11.70.

Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.15. The business had revenue of $484.77 million during the quarter, compared to analyst estimates of $480.06 million. Titan International had a negative return on equity of 1.56% and a negative net margin of 4.11%. Sell-side analysts predict that Titan International, Inc. will post -0.13 earnings per share for the current year.

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.