Titan International, Inc. (NYSE:TWI) Stake Boosted by Fmr LLC

Fmr LLC boosted its stake in shares of Titan International, Inc. (NYSE:TWI) by 43.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,343 shares of the industrial products company’s stock after buying an additional 1,625 shares during the period. Fmr LLC’s holdings in Titan International were worth $43,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Titan International during the second quarter valued at approximately $27,000. nVerses Capital LLC grew its position in Titan International by 344.4% during the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Titan International during the 3rd quarter valued at $117,000. Metis Global Partners LLC purchased a new stake in shares of Titan International in the third quarter valued at $119,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Titan International by 332.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 19,897 shares of the industrial products company’s stock worth $147,000 after buying an additional 15,295 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TWI. StockNews.com cut Titan International from a “hold” rating to a “sell” rating in a research note on Thursday, December 19th. DA Davidson assumed coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock.

Titan International Price Performance

Shares of NYSE:TWI opened at $6.99 on Thursday. The stock has a market capitalization of $441.34 million, a P/E ratio of -58.25 and a beta of 1.83. The business has a 50-day moving average of $7.23 and a two-hundred day moving average of $7.56. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $15.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

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.