Titan International (NYSE:TWI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. “

Separately, ValuEngine downgraded Titan International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.92.

Titan International stock opened at $5.48 on Tuesday. The stock has a market cap of $334.34 million, a price-to-earnings ratio of -11.18 and a beta of 1.72. Titan International has a 52-week low of $4.49 and a 52-week high of $14.53. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.42.

Several large investors have recently made changes to their positions in TWI. Millennium Management LLC grew its stake in shares of Titan International by 4.9% during the 2nd quarter. Millennium Management LLC now owns 284,840 shares of the industrial products company’s stock valued at $3,056,000 after acquiring an additional 13,331 shares during the period. Northern Trust Corp grew its stake in shares of Titan International by 3.0% during the 2nd quarter. Northern Trust Corp now owns 636,047 shares of the industrial products company’s stock valued at $6,825,000 after acquiring an additional 18,738 shares during the period. New Jersey Better Educational Savings Trust grew its stake in shares of Titan International by 36.4% during the 3rd quarter. New Jersey Better Educational Savings Trust now owns 30,000 shares of the industrial products company’s stock valued at $223,000 after acquiring an additional 8,000 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Titan International by 12.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the industrial products company’s stock valued at $6,678,000 after acquiring an additional 100,000 shares during the period. Finally, NJ State Employees Deferred Compensation Plan grew its stake in shares of Titan International by 13.9% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 82,000 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 83.97% of the company’s stock.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

Further Reading: What is the price-sales ratio?

Get a free copy of the Zacks research report on Titan International (TWI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.