Prudential Financial Inc. Cuts Stock Position in Titan International, Inc. (NYSE:TWI)

Prudential Financial Inc. trimmed its holdings in Titan International, Inc. (NYSE:TWI - Free Report) by 63.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,081 shares of the industrial products company's stock after selling 134,900 shares during the period. Prudential Financial Inc. owned 0.12% of Titan International worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 3,132 shares during the last quarter. Quarry LP acquired a new stake in shares of Titan International in the third quarter valued at approximately $41,000. FMR LLC lifted its position in Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock worth $43,000 after buying an additional 1,625 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Titan International during the fourth quarter worth $54,000. Finally, Mraz Amerine & Associates Inc. purchased a new stake in Titan International in the 4th quarter valued at $74,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Trading Down 0.8 %

Shares of NYSE TWI traded down $0.06 during mid-day trading on Tuesday, reaching $6.93. 40,941 shares of the company's stock were exchanged, compared to its average volume of 805,387. The company's 50-day moving average is $8.24 and its 200-day moving average is $7.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm has a market capitalization of $437.65 million, a price-to-earnings ratio of -57.68 and a beta of 1.64. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $11.97.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TWI. StockNews.com upgraded Titan International from a "sell" rating to a "hold" rating in a report on Saturday, March 29th. Cantor Fitzgerald initiated coverage on shares of Titan International in a report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 target price on the stock.

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.