Barclays PLC Grows Holdings in Titan International, Inc. (NYSE:TWI)

Barclays PLC raised its stake in Titan International, Inc. (NYSE:TWI) by 207.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 107,669 shares of the industrial products company’s stock after acquiring an additional 72,612 shares during the period. Barclays PLC’s holdings in Titan International were worth $877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Villanova Investment Management Co LLC bought a new position in Titan International in the 3rd quarter worth about $1,110,000. Victory Capital Management Inc. grew its position in Titan International by 31.9% in 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 purchasing an additional 388,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $4,118,000 after purchasing an additional 6,112 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in Titan International in the 3rd quarter worth about $3,234,000. Finally, Creative Planning grew its position in Titan International by 80.2% in the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 32,562 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

Titan International Trading Up 2.5 %

Titan International stock opened at $6.99 on Thursday. The firm has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $7.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The stock has a market capitalization of $441.34 million, a PE ratio of -58.25 and a beta of 1.82. Titan International, Inc. has a 12-month low of $6.34 and a 12-month high of $15.33.

Wall Street Analysts Forecast Growth

TWI has been the subject of several recent analyst reports. DA Davidson initiated coverage on shares of Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price for the company. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Tuesday.

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.