UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Titan International, Inc. (NYSE:TWI - Free Report) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,480 shares of the industrial products company's stock after acquiring an additional 27,138 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Titan International worth $893,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Titan International during the fourth quarter valued at approximately $126,000. ExodusPoint Capital Management LP bought a new position in shares of Titan International during the fourth quarter valued at approximately $236,000. Jump Financial LLC bought a new position in shares of Titan International during the fourth quarter valued at approximately $116,000. Mariner LLC grew its holdings in shares of Titan International by 24.2% during the fourth quarter. Mariner LLC now owns 29,020 shares of the industrial products company's stock valued at $197,000 after purchasing an additional 5,655 shares during the last quarter. Finally, MetLife Investment Management LLC grew 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 valued at $182,000 after purchasing an additional 3,310 shares during the last quarter. 80.39% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on TWI shares. Noble Financial started coverage on Titan International in a report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 target price for the company. Cantor Fitzgerald began coverage on Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price objective for the company. Finally, Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th.
Check Out Our Latest Research Report on TWI
Titan International Stock Performance
Shares of NYSE TWI traded down $0.03 during midday trading on Thursday, hitting $9.10. 365,785 shares of the company's stock were exchanged, compared to its average volume of 717,495. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The stock's 50 day moving average price is $7.26 and its 200-day moving average price is $7.71. The firm has a market cap of $579.71 million, a P/E ratio of -75.83 and a beta of 1.95. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $9.60.
Titan International (NYSE:TWI - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $490.71 million during the quarter, compared to analyst estimates of $466.86 million. Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. Equities research analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.
About Titan International
(
Free Report)
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.
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