Pekin Singer Strauss Asset Management IL increased its stake in Titan International, Inc. (NYSE:TWI) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 599,742 shares of the industrial products company’s stock after buying an additional 14,210 shares during the period. Titan International comprises about 1.1% of Pekin Singer Strauss Asset Management IL’s portfolio, making the stock its 19th largest position. Pekin Singer Strauss Asset Management IL’s holdings in Titan International were worth $7,203,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stifel Financial Corp increased its stake in Titan International by 0.9% in the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock valued at $119,000 after buying an additional 104 shares during the period. Texas Permanent School Fund increased its stake in Titan International by 0.5% in the second quarter. Texas Permanent School Fund now owns 35,280 shares of the industrial products company’s stock valued at $424,000 after buying an additional 188 shares during the period. Arizona State Retirement System increased its stake in Titan International by 1.3% in the first quarter. Arizona State Retirement System now owns 22,831 shares of the industrial products company’s stock valued at $236,000 after buying an additional 300 shares during the period. Mason Street Advisors LLC increased its stake in Titan International by 17.7% in the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,696 shares during the period. Finally, Comerica Bank increased its stake in Titan International by 4.3% in the first quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock valued at $527,000 after buying an additional 1,974 shares during the period. Institutional investors and hedge funds own 85.35% of the company’s stock.

Titan International, Inc. (NYSE TWI) opened at 9.24 on Friday. The firm’s market capitalization is $551.63 million. Titan International, Inc. has a 1-year low of $8.52 and a 1-year high of $14.23. The stock’s 50 day moving average is $11.85 and its 200-day moving average is $11.48.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.18. The business had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. Titan International’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted ($0.04) earnings per share. Equities research analysts forecast that Titan International, Inc. will post ($0.26) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Wednesday, June 28th. Titan International’s dividend payout ratio (DPR) is -2.44%.

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Several brokerages have issued reports on TWI. BidaskClub cut shares of Titan International from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday. Sidoti raised shares of Titan International from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 18th. Jefferies Group LLC reissued an “underperform” rating and issued a $14.00 price objective (up from $11.50) on shares of Titan International in a research note on Friday, April 14th. Finally, TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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

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