UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $848,000 Holdings in Titan International, Inc. (NYSE:TWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Titan International, Inc. (NYSE:TWI) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,342 shares of the industrial products company’s stock after acquiring an additional 7,420 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Titan International were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in Titan International by 35.6% in the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Victory Capital Management Inc. lifted its position in Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after buying an additional 388,864 shares in the last quarter. LSV Asset Management grew its holdings in Titan International by 6.1% during the 2nd quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after acquiring an additional 47,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new position in shares of Titan International in the third quarter worth about $3,234,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Stock Performance

Shares of NYSE:TWI opened at $7.03 on Friday. 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, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33. The stock has a market capitalization of $443.87 million, a P/E ratio of -58.58 and a beta of 1.83. The business has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $7.58.

Analysts Set New Price Targets

Several analysts have recently commented on TWI shares. DA Davidson assumed coverage on shares of Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 price target on the stock. StockNews.com lowered Titan International from a “hold” rating to a “sell” rating in a research report on Thursday.

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.