Titan International, Inc. $TWI Shares Purchased by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC raised its position in Titan International, Inc. (NYSE:TWI) by 28.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 213,165 shares of the industrial products company’s stock after acquiring an additional 47,153 shares during the period. Villanova Investment Management Co LLC’s holdings in Titan International were worth $1,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. grew its position in Titan International by 6.3% in the second quarter. Prudential Financial Inc. now owns 52,026 shares of the industrial products company’s stock worth $534,000 after acquiring an additional 3,085 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Titan International by 191.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 3,410 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Titan International by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 152,505 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 3,934 shares during the period. Ameriprise Financial Inc. increased its position in shares of Titan International by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 110,238 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 3,942 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Titan International during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TWI shares. Weiss Ratings reaffirmed 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 analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.33.

Titan International Stock Performance

NYSE TWI opened at $10.79 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.28 and a quick ratio of 1.25. The company has a market cap of $690.08 million, a P/E ratio of -107.91 and a beta of 1.50. The stock has a 50-day moving average of $9.17 and a two-hundred day moving average of $8.48. Titan International, Inc. has a 1-year low of $5.93 and a 1-year high of $11.70.

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.