UBS Asset Management Americas Inc. held its stake in Titan International, Inc. (NYSE:TWI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,398 shares of the industrial products company’s stock at the close of the second quarter. UBS Asset Management Americas Inc.’s holdings in Titan International were worth $197,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. IndexIQ Advisors LLC raised its position in Titan International by 0.6% during the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 66 shares during the last quarter. Stifel Financial Corp raised its position in Titan International by 0.9% during the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 104 shares during the last quarter. Wells Fargo & Company MN raised its position in Titan International by 0.5% during the second quarter. Wells Fargo & Company MN now owns 30,618 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 150 shares during the last quarter. Texas Permanent School Fund raised its position in Titan International by 0.5% during the second quarter. Texas Permanent School Fund now owns 35,280 shares of the industrial products company’s stock worth $424,000 after acquiring an additional 188 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Titan International by 1.1% during the second quarter. Victory Capital Management Inc. now owns 117,366 shares of the industrial products company’s stock worth $1,410,000 after acquiring an additional 1,260 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

A number of equities research analysts have recently commented on TWI shares. ValuEngine upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $12.00 price target on shares of Titan International in a report on Sunday. Finally, Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.50.

Shares of Titan International, Inc. (NYSE:TWI) opened at $11.18 on Monday. Titan International, Inc. has a twelve month low of $7.97 and a twelve month high of $14.23. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.28 and a current ratio of 2.22.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The business had revenue of $370.99 million during the quarter, compared to the consensus estimate of $331.30 million. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.15) earnings per share. equities analysts expect that Titan International, Inc. will post -0.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.005 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.18%. Titan International’s payout ratio is -2.41%.

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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.

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

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