Aip LLC Takes $68.47 Million Position in Titan International, Inc. $TWI

Aip LLC acquired a new stake in Titan International, Inc. (NYSE:TWI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,880,478 shares of the industrial products company's stock, valued at approximately $68,468,485. Titan International makes up 0.1% of Aip LLC's holdings, making the stock its biggest holding. Aip LLC owned 13.76% of Titan International as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Titan International in the 2nd quarter worth about $35,922,000. Vanguard Group Inc. boosted its holdings in Titan International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,527,269 shares of the industrial products company's stock worth $26,666,000 after buying an additional 12,630 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in Titan International by 59.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,491,649 shares of the industrial products company's stock worth $27,340,000 after buying an additional 1,297,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Titan International by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,426,873 shares of the industrial products company's stock worth $23,678,000 after buying an additional 204,589 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Titan International by 10.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,477,119 shares of the industrial products company's stock worth $17,117,000 after buying an additional 235,632 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TWI. DA Davidson reiterated a "buy" rating and issued a $13.00 price objective on shares of Titan International in a report on Friday, June 12th. Wall Street Zen raised shares of Titan International from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Titan International in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.00.

Titan International Stock Performance

NYSE:TWI opened at $7.04 on Friday. Titan International, Inc. has a twelve month low of $6.37 and a twelve month high of $11.70. The company has a market cap of $454.36 million, a P/E ratio of -5.82 and a beta of 1.45. The company's 50-day moving average price is $7.36 and its 200-day moving average price is $7.91. The company has a current ratio of 2.11, a quick ratio of 1.15 and a debt-to-equity ratio of 1.10.

Titan International (NYSE:TWI - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.15. Titan International had a negative return on equity of 1.56% and a negative net margin of 4.11%.The business had revenue of $484.77 million during the quarter, compared to the consensus estimate of $480.06 million. On average, sell-side analysts forecast that Titan International, Inc. will post -0.12 earnings per share for the current fiscal year.

Titan International Company 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.