State of Alaska Department of Revenue Has $463,000 Stock Holdings in Titan International, Inc. (NYSE:TWI)

State of Alaska Department of Revenue trimmed its stake in shares of Titan International, Inc. (NYSE:TWI) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,126 shares of the industrial products company’s stock after selling 899 shares during the quarter. State of Alaska Department of Revenue’s holdings in Titan International were worth $463,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TWI. Fuller & Thaler Asset Management Inc. lifted its position in Titan International by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 218,217 shares of the industrial products company’s stock worth $3,214,000 after purchasing an additional 805 shares during the period. Sei Investments Co. boosted its position in shares of Titan International by 4.9% during the 4th quarter. Sei Investments Co. now owns 18,557 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 873 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Titan International by 5.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 16,829 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 893 shares during the last quarter. State of Wyoming increased its stake in Titan International by 9.9% in the fourth quarter. State of Wyoming now owns 10,500 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 944 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Titan International by 2.2% during the fourth quarter. JPMorgan Chase & Co. now owns 45,341 shares of the industrial products company’s stock valued at $695,000 after purchasing an additional 964 shares in the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TheStreet downgraded Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Insider Transactions at Titan International

In related news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 18.30% of the company’s stock.

Titan International Stock Down 2.9 %

Shares of NYSE TWI opened at $11.95 on Friday. The company has a market cap of $724.40 million, a price-to-earnings ratio of 9.56 and a beta of 2.09. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. Titan International, Inc. has a 12 month low of $9.23 and a 12 month high of $15.33. The stock has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $13.39.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $390.20 million during the quarter, compared to analysts’ expectations of $418.05 million. Titan International had a net margin of 4.32% and a return on equity of 22.57%. As a group, analysts forecast that Titan International, Inc. will post 1.42 earnings per share for the current fiscal year.

About Titan International

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.