Allspring Global Investments Holdings LLC Sells 101,307 Shares of Titan International, Inc. (NYSE:TWI)

Allspring Global Investments Holdings LLC reduced its stake in shares of Titan International, Inc. (NYSE:TWI) by 79.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 26,178 shares of the industrial products company’s stock after selling 101,307 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Titan International were worth $301,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates bought a new stake in Titan International in the first quarter worth $795,000. Bank of New York Mellon Corp lifted its stake in Titan International by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 479,897 shares of the industrial products company’s stock worth $7,069,000 after purchasing an additional 5,399 shares during the last quarter. Citigroup Inc. lifted its stake in Titan International by 10.7% in the first quarter. Citigroup Inc. now owns 42,647 shares of the industrial products company’s stock worth $628,000 after purchasing an additional 4,120 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Titan International by 65.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 1,388 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Titan International by 54.0% in the first quarter. MetLife Investment Management LLC now owns 27,983 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 9,811 shares during the last quarter. 80.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Titan International from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd.

Insider Buying and Selling at Titan International

In other Titan International news, Director Max A. Guinn sold 18,402 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $12.49, for a total value of $229,840.98. Following the transaction, the director now owns 132,379 shares in the company, valued at $1,653,413.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Max A. Guinn sold 18,402 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $12.49, for a total transaction of $229,840.98. Following the transaction, the director now owns 132,379 shares in the company, valued at $1,653,413.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Max A. Guinn sold 29,650 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $12.97, for a total transaction of $384,560.50. Following the transaction, the director now owns 152,379 shares in the company, valued at approximately $1,976,355.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,650 shares of company stock worth $634,536. 18.30% of the stock is currently owned by company insiders.

Titan International Price Performance

TWI stock opened at $12.53 on Friday. The firm’s 50-day moving average price is $12.46 and its two-hundred day moving average price is $11.74. Titan International, Inc. has a 12-month low of $9.23 and a 12-month high of $17.29. The stock has a market capitalization of $775.48 million, a price-to-earnings ratio of 6.43 and a beta of 2.25. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 0.95.

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 North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.