Titan International, Inc. (NYSE:TWI) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,598 shares of the industrial products company’s stock after buying an additional 4,124 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.09% of Titan International worth $398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TWI. GAMMA Investing LLC increased its holdings in Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after buying an additional 3,132 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Titan International in the fourth quarter valued at about $54,000. Mraz Amerine & Associates Inc. purchased a new position in Titan International in the fourth quarter valued at about $74,000. First Trust Advisors LP purchased a new position in shares of Titan International during the 4th quarter worth approximately $74,000. Finally, Miller Financial Services LLC purchased a new position in shares of Titan International during the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TWI shares. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Cantor Fitzgerald started coverage on shares of Titan International in a research note on Thursday, March 20th. They set an “overweight” rating and a $11.00 price objective for the company.

Titan International Stock Down 2.2%

TWI stock opened at $7.59 on Thursday. The stock has a market capitalization of $483.51 million, a P/E ratio of -63.25 and a beta of 1.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. Titan International, Inc. has a one year low of $5.93 and a one year high of $9.60. The company has a 50 day moving average price of $7.55 and a two-hundred day moving average price of $7.62.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $490.71 million during the quarter, compared to analyst estimates of $466.86 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. As a group, sell-side analysts expect that Titan International, Inc. will post 0.03 EPS for the current 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.