Titan International, Inc. (NYSE:TWI) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,404 shares of the industrial products company's stock after purchasing an additional 30,961 shares during the period. Bank of America Corp DE owned approximately 0.27% of Titan International worth $1,177,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Titan International by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company's stock valued at $1,581,000 after purchasing an additional 1,464 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Titan International by 14.1% during the fourth quarter. MetLife Investment Management LLC now owns 26,763 shares of the industrial products company's stock worth $182,000 after purchasing an additional 3,310 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Titan International by 7.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,598 shares of the industrial products company's stock valued at $398,000 after buying an additional 4,124 shares during the last quarter. Mariner LLC boosted its position in Titan International by 24.2% in the fourth quarter. Mariner LLC now owns 29,020 shares of the industrial products company's stock valued at $197,000 after buying an additional 5,655 shares during the last quarter. Finally, 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 buying an additional 5,940 shares during the period. Institutional investors and hedge funds own 80.39% of the company's stock.

Titan International Stock Performance

Titan International stock traded down $0.05 during mid-day trading on Tuesday, hitting $9.27. The company had a trading volume of 674,577 shares, compared to its average volume of 719,108. The company has a market capitalization of $590.28 million, a price-to-earnings ratio of -77.22 and a beta of 1.95. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $9.60. The company's fifty day moving average is $7.16 and its 200-day moving average is $7.68. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

Titan International (NYSE:TWI - Get Free Report) last announced 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). Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. The firm had revenue of $490.71 million for the quarter, compared to analysts' expectations of $466.86 million. Equities research analysts predict that Titan International, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Noble Financial initiated coverage on shares of Titan International in a research note on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 target price for the company. Finally, Wall Street Zen raised Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th.

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.