Fishman Jay A Ltd. MI raised its position in shares of Titan International, Inc. (NYSE:TWI) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,833,032 shares of the industrial products company’s stock after buying an additional 102,150 shares during the period. Titan International comprises 7.2% of Fishman Jay A Ltd. MI’s holdings, making the stock its 2nd largest position. Fishman Jay A Ltd. MI’s holdings in Titan International were worth $34,025,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Pekin Singer Strauss Asset Management IL boosted its stake in Titan International by 2.4% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 599,742 shares of the industrial products company’s stock worth $7,203,000 after buying an additional 14,210 shares in the last quarter. Rhumbline Advisers boosted its stake in Titan International by 7.1% in the second quarter. Rhumbline Advisers now owns 99,204 shares of the industrial products company’s stock worth $1,191,000 after buying an additional 6,586 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new stake in Titan International during the second quarter worth $4,233,000. Arizona State Retirement System boosted its stake in Titan International by 10.5% in the second quarter. Arizona State Retirement System now owns 25,231 shares of the industrial products company’s stock worth $303,000 after buying an additional 2,400 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its stake in Titan International by 11.4% in the second quarter. Financial Engines Advisors L.L.C. now owns 33,286 shares of the industrial products company’s stock worth $400,000 after buying an additional 3,407 shares in the last quarter. 85.73% of the stock is owned by hedge funds and other institutional investors.

Titan International, Inc. (TWI) opened at 9.43 on Tuesday. The firm has a 50-day moving average price of $11.79 and a 200-day moving average price of $11.47. The company’s market capitalization is $562.97 million. Titan International, Inc. has a 12 month low of $8.52 and a 12 month high of $14.23.

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

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A number of research firms recently weighed in on TWI. BidaskClub cut Titan International from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Finally, Sidoti upgraded Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Titan International has a consensus rating of “Hold” and an average target price of $14.00.

Titan International Company Profile

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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