Kennedy Capital Management LLC Buys Shares of 218,201 Titan International, Inc. (NYSE:TWI)

Kennedy Capital Management LLC bought a new position in shares of Titan International, Inc. (NYSE:TWI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 218,201 shares of the industrial products company's stock, valued at approximately $1,482,000. Kennedy Capital Management LLC owned 0.35% of Titan International as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Titan International by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 2,743,587 shares of the industrial products company's stock worth $18,629,000 after buying an additional 27,616 shares during the period. Victory Capital Management Inc. increased its position in shares of Titan International by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock worth $13,267,000 after acquiring an additional 344,658 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Titan International by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,138,329 shares of the industrial products company's stock valued at $7,732,000 after acquiring an additional 5,940 shares during the period. Donald Smith & CO. Inc. lifted its position in shares of Titan International by 25.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 500,905 shares of the industrial products company's stock valued at $3,401,000 after acquiring an additional 103,105 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Titan International by 5.1% in the 4th quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company's stock worth $2,121,000 after purchasing an additional 15,245 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Stock Up 1.3 %

Shares of NYSE TWI traded up $0.09 during mid-day trading on Friday, reaching $6.86. The company had a trading volume of 377,928 shares, compared to its average volume of 723,953. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $11.97. The stock's 50 day moving average is $8.09 and its 200-day moving average is $7.63. The stock has a market capitalization of $433.22 million, a PE ratio of -57.13 and a beta of 1.64.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TWI shares. StockNews.com upgraded Titan International from a "sell" rating to a "hold" rating in a report on Saturday, March 29th. 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.

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.