New York State Teachers Retirement System Lowers Stock Position in Titan International, Inc. (NYSE:TWI)

New York State Teachers Retirement System cut its holdings in shares of Titan International, Inc. (NYSE:TWI) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,953 shares of the industrial products company’s stock after selling 1,391 shares during the period. New York State Teachers Retirement System’s holdings in Titan International were worth $475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in Titan International by 5,040.0% in the 1st quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company’s stock valued at $26,000 after buying an additional 1,764 shares during the last quarter. Quarry LP purchased a new position in Titan International in the 1st quarter valued at $50,000. PNC Financial Services Group Inc. grew its position in Titan International by 65.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after buying an additional 1,388 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Titan International by 800.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,780 shares of the industrial products company’s stock valued at $61,000 after buying an additional 5,138 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Titan International by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 5,472 shares of the industrial products company’s stock valued at $63,000 after buying an additional 2,128 shares during the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.30% of the company’s stock.

Titan International Price Performance

Shares of NYSE TWI opened at $11.41 on Friday. The firm has a market capitalization of $691.71 million, a P/E ratio of 9.12 and a beta of 2.09. Titan International, Inc. has a one year low of $9.23 and a one year high of $15.33. The company’s fifty day moving average is $12.84 and its two-hundred day moving average is $13.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 2.35.

Titan International (NYSE:TWI) last issued its earnings results on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The company had revenue of $390.20 million for the quarter, compared to analyst estimates of $418.05 million. Titan International had a net margin of 4.32% and a return on equity of 22.57%. Analysts forecast that Titan International, Inc. will post 1.42 EPS 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.