Strs Ohio acquired a new position in shares of Titan International Inc (NYSE:TWI) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 6,600 shares of the industrial products company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of Titan International by 4.6% during the 4th quarter. Deutsche Bank AG now owns 105,302 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 4,625 shares in the last quarter. Geode Capital Management LLC increased its stake in Titan International by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 518,437 shares of the industrial products company’s stock worth $2,415,000 after buying an additional 7,654 shares during the period. Dimensional Fund Advisors LP increased its stake in Titan International by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,351,692 shares of the industrial products company’s stock worth $20,279,000 after buying an additional 31,199 shares during the period. Legal & General Group Plc increased its stake in Titan International by 2.8% during the 4th quarter. Legal & General Group Plc now owns 108,328 shares of the industrial products company’s stock worth $509,000 after buying an additional 2,995 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Titan International by 74.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 60,289 shares of the industrial products company’s stock worth $281,000 after buying an additional 25,637 shares during the period. 84.30% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Titan International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Sidoti set a $10.00 target price on shares of Titan International and gave the stock a “buy” rating in a research report on Wednesday, February 20th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Finally, ValuEngine downgraded shares of Titan International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Titan International has a consensus rating of “Hold” and a consensus price target of $11.44.

TWI opened at $5.27 on Thursday. The stock has a market capitalization of $322.80 million, a PE ratio of 19.46 and a beta of 1.75. Titan International Inc has a 1-year low of $4.35 and a 1-year high of $12.38. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 1.49.

Titan International (NYSE:TWI) last released its earnings results on Friday, May 3rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). The company had revenue of $410.40 million during the quarter, compared to the consensus estimate of $429.30 million. Titan International had a negative return on equity of 2.44% and a negative net margin of 0.77%. Titan International’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities analysts expect that Titan International Inc will post 0.37 EPS for the current year.

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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 North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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