Arrowstreet Capital Limited Partnership Has $757,000 Stock Holdings in Titan International, Inc. $TWI

Key Points

• Arrowstreet Capital cut its Titan International position by 74.2% in the first quarter, selling 315,362 shares and retaining 109,571 shares worth approximately $757,000. Institutional investors collectively own 80.39% of the company.
• Titan International reported quarterly EPS of $0.10, beating analysts’ expected loss of $0.05, while revenue of $484.77 million also exceeded estimates. Despite the earnings beat, the company posted a negative net margin and analysts expect a full-year loss.
• Shares opened at $7.20, near the lower end of their 52-week range of $6.43 to $11.70. Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $13.00 price target.

Arrowstreet Capital Limited Partnership decreased its position in Titan International, Inc. (NYSE:TWI - Free Report) by 74.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 109,571 shares of the industrial products company's stock after selling 315,362 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.17% of Titan International worth $757,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Titan International during the third quarter worth approximately $27,000. Russell Investments Group Ltd. grew its holdings in shares of Titan International by 22,000.0% during the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company's stock worth $32,000 after purchasing an additional 4,180 shares during the last quarter. State of Wyoming increased its stake in shares of Titan International by 45.2% in the first quarter. State of Wyoming now owns 4,758 shares of the industrial products company's stock valued at $33,000 after buying an additional 1,482 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Titan International in the second quarter valued at $46,000. Finally, Tower Research Capital LLC TRC grew its holdings in Titan International by 191.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company's stock worth $53,000 after acquiring an additional 3,410 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company's stock.

Titan International Stock Down 1.3%

Shares of Titan International stock opened at $7.20 on Friday. The firm has a market cap of $464.88 million, a PE ratio of -5.95 and a beta of 1.45. Titan International, Inc. has a 52-week low of $6.43 and a 52-week high of $11.70. The business's 50 day simple moving average is $7.53 and its 200 day simple moving average is $8.18. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.15 and a current ratio of 2.11.

Titan International (NYSE:TWI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.15. The company had revenue of $484.77 million for the quarter, compared to the consensus estimate of $480.06 million. Titan International had a negative net margin of 4.11% and a negative return on equity of 1.56%. On average, analysts predict that Titan International, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Titan International in a research note on Monday, July 20th. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a report on Sunday, May 10th. Finally, DA Davidson reissued a "buy" rating and issued a $13.00 price target on shares of Titan International in a research note on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Titan International currently has an average rating of "Hold" and a consensus price target of $13.00.

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.

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