Titan International, Inc. (NYSE:TWI) Stake Cut by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its holdings in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,550,993 shares of the industrial products company's stock after selling 104,700 shares during the quarter. Titan International makes up about 4.3% of Fishman Jay A Ltd. MI's investment portfolio, making the stock its 6th biggest position. Fishman Jay A Ltd. MI owned 4.12% of Titan International worth $37,959,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TWI. Captrust Financial Advisors lifted its holdings in Titan International by 5,040.0% in the first quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company's stock worth $26,000 after acquiring an additional 1,764 shares during the last quarter. Quarry LP acquired a new position in Titan International in the first quarter worth approximately $50,000. PNC Financial Services Group Inc. grew its position in Titan International by 65.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company's stock worth $51,000 after purchasing an additional 1,388 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Titan International by 800.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,780 shares of the industrial products company's stock worth $61,000 after purchasing an additional 5,138 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Titan International by 63.6% during the 2nd quarter. Royal Bank of Canada now owns 5,472 shares of the industrial products company's stock worth $63,000 after purchasing an additional 2,128 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company's stock.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Titan International from a "b-" rating to a "c" rating in a research note on Thursday, February 29th.

Titan International Stock Performance

Shares of NYSE:TWI traded up $0.04 on Thursday, hitting $12.38. 289,252 shares of the company were exchanged, compared to its average volume of 288,353. The company's 50 day moving average price is $13.44 and its two-hundred day moving average price is $13.42. Titan International, Inc. has a one year low of $9.23 and a one year high of $15.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 2.35. The firm has a market capitalization of $750.85 million, a price-to-earnings ratio of 9.90 and a beta of 2.09.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. The firm had revenue of $390.20 million for the quarter, compared to analyst estimates of $418.05 million. Titan International had a net margin of 4.32% and a return on equity of 22.57%. Research analysts expect that Titan International, Inc. will post 1.42 earnings per share for the current year.

Insider Activity at Titan International

In other news, CAO Anthony Eheli sold 2,500 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the completion of the sale, the chief accounting officer now owns 52,918 shares of the company's stock, valued at $657,241.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.30% of the stock is currently owned by company insiders.

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.

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