Mutual Advisors LLC Invests $951,000 in Titan International, Inc. (NYSE:TWI)

Mutual Advisors LLC bought a new position in Titan International, Inc. (NYSE:TWI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 113,377 shares of the industrial products company's stock, valued at approximately $951,000. Mutual Advisors LLC owned about 0.18% of Titan International at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TWI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $194,000 after acquiring an additional 1,216 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Titan International by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 108,736 shares of the industrial products company's stock valued at $912,000 after buying an additional 1,628 shares during the period. MetLife Investment Management LLC grew its position in shares of Titan International by 14.1% in the fourth quarter. MetLife Investment Management LLC now owns 26,763 shares of the industrial products company's stock valued at $182,000 after purchasing an additional 3,310 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 purchasing an additional 4,124 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Titan International by 45.2% in the fourth quarter. ProShare Advisors LLC now owns 15,098 shares of the industrial products company's stock worth $103,000 after buying an additional 4,702 shares in the last quarter. Institutional investors own 80.39% of the company's stock.

Titan International Stock Performance

Shares of TWI stock traded down $0.41 during trading hours on Monday, reaching $10.31. 578,130 shares of the company's stock were exchanged, compared to its average volume of 688,646. The company has a market cap of $656.75 million, a P/E ratio of -49.10 and a beta of 2.03. The company's 50 day moving average is $8.20 and its two-hundred day moving average is $7.97. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $10.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.25.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Titan International had a negative net margin of 0.83% and a negative return on equity of 0.05%. The firm had revenue of $490.71 million during the quarter, compared to analysts' expectations of $466.86 million. Equities research analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

Titan International 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.