Titan International, Inc. $TWI Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Titan International, Inc. (NYSE:TWI) by 84.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 19,413 shares of the industrial products company’s stock after selling 107,487 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Titan International were worth $147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWI. Donald Smith & CO. Inc. raised its position in shares of Titan International by 92.2% in the second quarter. Donald Smith & CO. Inc. now owns 1,459,953 shares of the industrial products company’s stock valued at $14,994,000 after buying an additional 700,467 shares during the last quarter. EVR Research LP grew its stake in Titan International by 27.3% during the 2nd quarter. EVR Research LP now owns 1,400,000 shares of the industrial products company’s stock valued at $14,378,000 after acquiring an additional 300,000 shares in the last quarter. Bank of America Corp DE raised its holdings in Titan International by 35.1% in the 2nd quarter. Bank of America Corp DE now owns 584,390 shares of the industrial products company’s stock valued at $6,002,000 after acquiring an additional 151,888 shares during the last quarter. American Century Companies Inc. raised its holdings in Titan International by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 1,212,683 shares of the industrial products company’s stock valued at $12,454,000 after acquiring an additional 141,256 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Titan International by 22.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 620,251 shares of the industrial products company’s stock worth $6,370,000 after purchasing an additional 115,087 shares in the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Trading Up 4.8%

TWI opened at $10.66 on Thursday. The stock has a market capitalization of $681.71 million, a PE ratio of -106.60 and a beta of 1.50. Titan International, Inc. has a one year low of $5.93 and a one year high of $10.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.25 and a current ratio of 2.28. The business’s 50 day moving average price is $8.52 and its 200 day moving average price is $8.33.

Titan International (NYSE:TWI) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. Titan International had a positive return on equity of 1.38% and a negative net margin of 0.34%.The company had revenue of $466.47 million for the quarter, compared to the consensus estimate of $458.74 million. As a group, equities research analysts expect that Titan International, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

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

About Titan International

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.