Ballentine Partners LLC Makes New Investment in Titan International, Inc. (NYSE:TWI)

Ballentine Partners LLC purchased a new position in shares of Titan International, Inc. (NYSE:TWI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,194 shares of the industrial products company’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWI. Diversified Trust Co bought a new stake in shares of Titan International during the 1st quarter worth about $194,000. Denali Advisors LLC bought a new stake in shares of Titan International during the 1st quarter worth about $506,000. BNP Paribas Financial Markets raised its position in shares of Titan International by 51.0% during the 1st quarter. BNP Paribas Financial Markets now owns 40,001 shares of the industrial products company’s stock worth $498,000 after buying an additional 13,507 shares in the last quarter. Capital Investment Counsel Inc grew its stake in shares of Titan International by 4.6% in the 1st quarter. Capital Investment Counsel Inc now owns 114,840 shares of the industrial products company’s stock worth $1,431,000 after purchasing an additional 5,057 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Titan International by 3.4% in the 1st quarter. LSV Asset Management now owns 780,700 shares of the industrial products company’s stock worth $9,728,000 after purchasing an additional 25,941 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.

Titan International Stock Performance

Shares of TWI opened at $7.27 on Wednesday. The firm’s 50 day moving average is $7.74 and its 200-day moving average is $8.21. The stock has a market capitalization of $524.60 million, a P/E ratio of 16.52 and a beta of 1.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.40 and a quick ratio of 1.38. Titan International, Inc. has a 12-month low of $6.71 and a 12-month high of $15.33.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). The business had revenue of $532.17 million during the quarter, compared to analyst estimates of $547.02 million. Titan International had a return on equity of 12.23% and a net margin of 1.55%. Equities research analysts anticipate that Titan International, Inc. will post 0.41 EPS for the current fiscal year.

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.