Titan International, Inc. (NYSE:TWI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Titan International, Inc. (NYSE:TWI - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 592,087 shares of the industrial products company's stock after selling 122,007 shares during the quarter. JPMorgan Chase & Co. owned about 0.94% of Titan International worth $4,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Titan International by 21.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock valued at $13,267,000 after buying an additional 344,658 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Titan International during the fourth quarter worth $1,211,000. Barclays PLC raised its position in Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company's stock worth $877,000 after acquiring an additional 72,612 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in Titan International during the fourth quarter valued at $193,000. Finally, Versor Investments LP acquired a new stake in shares of Titan International in the fourth quarter valued at about $191,000. Institutional investors and hedge funds own 80.39% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Titan International from a "hold" rating to a "sell" rating in a research report on Tuesday. Cantor Fitzgerald initiated coverage on Titan International in a research note on Thursday, March 20th. They set an "overweight" rating and a $11.00 price objective for the company.

Titan International Price Performance

TWI traded down $0.19 on Friday, hitting $7.39. 51,721 shares of the company's stock were exchanged, compared to its average volume of 723,996. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $11.72. The stock has a market cap of $467.03 million, a price-to-earnings ratio of -61.58 and a beta of 1.64. The firm has a 50-day moving average price of $7.94 and a 200-day moving average price of $7.62. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

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.