Dimensional Fund Advisors LP Reduces Stock Holdings in Titan International, Inc. (NYSE:TWI)

Dimensional Fund Advisors LP lessened its holdings in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,315,026 shares of the industrial products company's stock after selling 186,154 shares during the period. Dimensional Fund Advisors LP owned 5.25% of Titan International worth $22,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in Titan International by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 2,743,587 shares of the industrial products company's stock valued at $18,629,000 after acquiring an additional 27,616 shares during the period. Victory Capital Management Inc. increased its holdings in Titan International by 21.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock worth $13,267,000 after acquiring an additional 344,658 shares in the last quarter. Geode Capital Management LLC increased its holdings in Titan International by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,138,329 shares of the industrial products company's stock worth $7,732,000 after acquiring an additional 5,940 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Titan International by 25.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 500,905 shares of the industrial products company's stock worth $3,401,000 after purchasing an additional 103,105 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Titan International by 5.1% in the fourth quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company's stock valued at $2,121,000 after purchasing an additional 15,245 shares in the last quarter. Institutional investors own 80.39% of the company's stock.

Titan International Price Performance

Shares of NYSE:TWI traded up $0.71 during midday trading on Monday, reaching $7.73. 118,851 shares of the company's stock traded hands, compared to its average volume of 719,801. The company has a fifty day simple moving average of $7.61 and a two-hundred day simple moving average of $7.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The company has a market cap of $492.43 million, a P/E ratio of -64.68 and a beta of 1.95. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $9.60.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $490.71 million during the quarter, compared to analysts' expectations of $466.86 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. Equities analysts predict that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

TWI has been the topic of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Titan International in a report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price target on the stock. StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a report on Thursday.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.