Connor Clark & Lunn Investment Management Ltd. Buys Shares of 33,447 Titan International, Inc. $TWI

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired a new stake in Titan International, Inc., purchasing 33,447 shares valued at approximately $281,000, representing about 0.05% of the company.
• Insider trades showed significant selling activity, with Director Richard M. Cashin Jr. selling 212,398 shares and CAO Anthony Eheli selling 25,000 shares, decreasing their holdings by 54.62% and 35.57%, respectively.
• Analysts maintain a consensus "Buy" rating for Titan International with an average target price of $11.33, reflecting positive growth expectations despite recent earnings miss.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Titan International, Inc. (NYSE:TWI - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 33,447 shares of the industrial products company's stock, valued at approximately $281,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Titan International at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP purchased a new position in Titan International in the 4th quarter valued at $74,000. Balyasny Asset Management L.P. purchased a new stake in shares of Titan International during the 4th quarter worth $74,000. Sigma Planning Corp purchased a new stake in shares of Titan International during the 1st quarter worth $101,000. ProShare Advisors LLC boosted its position 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 worth $103,000 after purchasing an additional 4,702 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Titan International by 130.5% during the 1st quarter. GAMMA Investing LLC now owns 12,518 shares of the industrial products company's stock worth $105,000 after purchasing an additional 7,087 shares in the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on TWI shares. DA Davidson boosted their target price on shares of Titan International from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Noble Financial started coverage on shares of Titan International in a research report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Titan International has an average rating of "Buy" and a consensus target price of $11.33.

Titan International Price Performance

Shares of Titan International stock traded down $0.17 on Tuesday, hitting $9.00. The company's stock had a trading volume of 368,424 shares, compared to its average volume of 486,196. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $10.94. The company has a quick ratio of 1.27, a current ratio of 2.35 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average price of $9.33 and a 200-day moving average price of $8.37. The company has a market capitalization of $574.78 million, a P/E ratio of -29.02 and a beta of 2.05.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Titan International had a negative return on equity of 1.62% and a negative net margin of 1.24%.The business had revenue of $460.83 million during the quarter, compared to analysts' expectations of $483.84 million. Titan International has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Anthony Eheli sold 25,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the sale, the chief accounting officer directly owned 45,276 shares in the company, valued at $418,350.24. The trade was a 35.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Cashin, Jr. sold 212,398 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $10.34, for a total transaction of $2,196,195.32. Following the completion of the sale, the director owned 176,461 shares in the company, valued at $1,824,606.74. This represents a 54.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 301,348 shares of company stock worth $3,086,520 over the last quarter. Insiders own 32.50% of the company's stock.

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.