Zurcher Kantonalbank Zurich Cantonalbank Has $241,000 Stake in Titan International, Inc. (NYSE:TWI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Titan International, Inc. (NYSE:TWI) by 103.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,163 shares of the industrial products company’s stock after purchasing an additional 8,216 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Titan International were worth $241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Titan International during the third quarter valued at $139,000. Quantbot Technologies LP raised its position in Titan International by 20.1% in the 3rd quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 1,935 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Titan International in the 3rd quarter valued at $170,000. Privium Fund Management UK Ltd bought a new stake in shares of Titan International during the third quarter worth $231,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Titan International during the fourth quarter valued at $376,000. Institutional investors own 80.39% of the company’s stock.

Titan International Trading Down 9.4 %

Shares of NYSE TWI opened at $9.08 on Tuesday. The stock has a market cap of $661.30 million, a price-to-earnings ratio of 10.20 and a beta of 2.09. Titan International, Inc. has a twelve month low of $9.03 and a twelve month high of $15.33. The company has a quick ratio of 1.31, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average is $12.11 and its 200-day moving average is $13.19.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a net margin of 3.20% and a return on equity of 17.27%. The company had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. During the same period in the previous year, the firm posted $0.53 EPS. Equities research analysts predict that Titan International, Inc. will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut 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 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 value of $31,050.00. Following the sale, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at $657,241.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 32.50% of the company’s stock.

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.