Titan International, Inc. $TWI Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in Titan International, Inc. (NYSE:TWI) by 89.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,687 shares of the industrial products company’s stock after selling 541,913 shares during the quarter. LSV Asset Management owned 0.10% of Titan International worth $504,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Versor Investments LP lifted its holdings in shares of Titan International by 18.7% in the 3rd quarter. Versor Investments LP now owns 29,800 shares of the industrial products company’s stock valued at $225,000 after buying an additional 4,700 shares during the period. State of Wyoming raised its position in Titan International by 805.4% during the third quarter. State of Wyoming now owns 8,773 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 7,804 shares in the last quarter. AlphaQuest LLC lifted its holdings in Titan International by 854.6% in the third quarter. AlphaQuest LLC now owns 40,248 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 36,032 shares during the period. Federated Hermes Inc. acquired a new position in Titan International in the third quarter valued at approximately $31,000. Finally, Strs Ohio purchased a new stake in Titan International in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TWI shares. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Titan International in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Titan International Trading Down 2.2%

Shares of NYSE:TWI opened at $10.78 on Wednesday. The business’s 50 day moving average price is $9.04 and its 200-day moving average price is $8.43. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $11.70. The firm has a market capitalization of $689.38 million, a price-to-earnings ratio of -107.80 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.28 and a quick ratio of 1.25.

Titan International 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.