Invesco Ltd. Sells 1,001,222 Shares of Titan International, Inc. (NYSE:TWI)

Invesco Ltd. trimmed its holdings in Titan International, Inc. (NYSE:TWI - Free Report) by 51.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 941,577 shares of the industrial products company's stock after selling 1,001,222 shares during the period. Invesco Ltd. owned 1.49% of Titan International worth $6,393,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 3,132 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Titan International in the fourth quarter valued at approximately $54,000. Mraz Amerine & Associates Inc. acquired a new position in shares of Titan International during the 4th quarter worth about $74,000. Miller Financial Services LLC acquired a new stake in shares of Titan International in the fourth quarter valued at approximately $85,000. Finally, Proficio Capital Partners LLC bought a new position in Titan International during the fourth quarter worth $126,000. Institutional investors and hedge funds own 80.39% of the company's stock.

Titan International Price Performance

Shares of NYSE:TWI traded down $1.18 during midday trading on Thursday, hitting $6.17. The stock had a trading volume of 469,682 shares, compared to its average volume of 730,166. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $393.31 million, a P/E ratio of -51.26 and a beta of 1.64. The company's 50-day moving average price is $7.81 and its 200-day moving average price is $7.62. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $11.47.

Titan International (NYSE:TWI - Get Free Report) last issued 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 company had revenue of $490.71 million during the quarter, compared to analyst estimates of $466.86 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. As a group, equities research analysts predict that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TWI shares. Cantor Fitzgerald assumed coverage on Titan International in a research note on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price target for the company. StockNews.com upgraded Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday.

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.