Titan International, Inc. (NYSE:TWI) CAO Sells $231,000.00 in Stock

Titan International, Inc. (NYSE:TWI - Get Free Report) CAO Anthony Eheli sold 25,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the transaction, the chief accounting officer now owns 45,276 shares in the company, valued at approximately $418,350.24. The trade was a 35.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Titan International Stock Performance

Shares of Titan International stock traded up $1.22 during trading on Thursday, hitting $10.44. 1,840,554 shares of the stock were exchanged, compared to its average volume of 701,001. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 2.26. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $11.18. The stock's fifty day moving average is $7.71 and its 200 day moving average is $7.83. The stock has a market cap of $664.90 million, a PE ratio of -49.70 and a beta of 1.95.

Titan International (NYSE:TWI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $490.71 million during the quarter, compared to the consensus estimate of $466.86 million. Titan International had a negative return on equity of 0.05% and a negative net margin of 0.83%. As a group, sell-side analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.

Institutional Trading of Titan International

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in shares of Titan International during the fourth quarter valued at about $126,000. BNP Paribas Financial Markets increased its stake in Titan International by 90.6% during the 4th quarter. BNP Paribas Financial Markets now owns 67,380 shares of the industrial products company's stock valued at $458,000 after buying an additional 32,023 shares during the period. ExodusPoint Capital Management LP acquired a new position in Titan International during the 4th quarter valued at about $236,000. Jump Financial LLC acquired a new stake in shares of Titan International in the 4th quarter worth approximately $116,000. Finally, Mariner LLC boosted its holdings in shares of Titan International by 24.2% in the fourth quarter. Mariner LLC now owns 29,020 shares of the industrial products company's stock valued at $197,000 after acquiring an additional 5,655 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TWI shares. Noble Financial began coverage on shares of Titan International in a research note on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Titan International in a report on Thursday, March 20th. They set an "overweight" rating and a $11.00 target price for the company. Finally, Wall Street Zen raised Titan International from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

Titan International Company 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.