Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Titan International, Inc. (NYSE:TWI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Titan International, Inc. (NYSE:TWI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 126,900 shares of the industrial products company's stock, valued at approximately $862,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Titan International at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TWI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Titan International by 26.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,480 shares of the industrial products company's stock worth $893,000 after purchasing an additional 27,138 shares during the period. Two Sigma Investments LP raised its holdings in shares of Titan International by 35.6% during the 4th quarter. Two Sigma Investments LP now owns 124,617 shares of the industrial products company's stock valued at $846,000 after buying an additional 32,741 shares during the period. ProShare Advisors LLC raised its holdings in shares of Titan International by 45.2% during the 4th quarter. ProShare Advisors LLC now owns 15,098 shares of the industrial products company's stock valued at $103,000 after buying an additional 4,702 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Titan International by 158.1% during the 4th quarter. Quantinno Capital Management LP now owns 29,085 shares of the industrial products company's stock valued at $197,000 after buying an additional 17,817 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Titan International by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,628 shares of the industrial products company's stock valued at $194,000 after buying an additional 1,216 shares during the period. 80.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TWI has been the topic of several analyst reports. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Noble Financial initiated coverage on Titan International in a report on Wednesday. They set an "outperform" rating and a $11.00 price objective on the stock. Finally, Cantor Fitzgerald initiated coverage on Titan International in a report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price objective on the stock.

Titan International Stock Up 5.8%

TWI traded up $0.45 on Friday, reaching $8.15. 555,858 shares of the company traded hands, compared to its average volume of 717,130. The stock's 50 day moving average price is $7.14 and its 200-day moving average price is $7.66. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $9.60. The company has a market cap of $518.87 million, a price-to-earnings ratio of -67.88 and a beta of 1.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Titan International (NYSE:TWI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $490.71 million for 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%. On average, sell-side analysts expect that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Titan International Company Profile

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.