Principal Financial Group Inc. Sells 20,188 Shares of Titan International, Inc. (NYSE:TWI)

Principal Financial Group Inc. cut its position in shares of Titan International, Inc. (NYSE:TWI) by 8.0% in the third quarter, HoldingsChannel reports. The firm owned 231,355 shares of the industrial products company’s stock after selling 20,188 shares during the period. Principal Financial Group Inc.’s holdings in Titan International were worth $1,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TWI. nVerses Capital LLC lifted its stake in Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 3,100 shares during the period. Quarry LP purchased a new position in Titan International during the 3rd quarter valued at about $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Titan International in the 3rd quarter worth approximately $92,000. Finally, Intech Investment Management LLC bought a new position in shares of Titan International during the third quarter valued at approximately $117,000. 80.39% of the stock is owned by institutional investors.

Titan International Stock Up 3.4 %

Shares of TWI stock opened at $7.02 on Friday. The stock’s fifty day moving average price is $7.19 and its 200 day moving average price is $7.53. 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, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a market cap of $443.24 million, a price-to-earnings ratio of -58.50 and a beta of 1.83.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. DA Davidson initiated coverage on Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 price target on the stock. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

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.