Northern Trust Corp Has $3.69 Million Stock Holdings in Titan International, Inc. (NYSE:TWI)

Northern Trust Corp increased its holdings in shares of Titan International, Inc. (NYSE:TWI) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 542,660 shares of the industrial products company’s stock after purchasing an additional 35,159 shares during the period. Northern Trust Corp owned approximately 0.86% of Titan International worth $3,685,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TWI. Victory Capital Management Inc. lifted its position in shares of Titan International by 21.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock worth $13,267,000 after purchasing an additional 344,658 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in Titan International in the 4th quarter valued at approximately $1,482,000. First Eagle Investment Management LLC acquired a new position in Titan International in the 4th quarter valued at approximately $1,211,000. Donald Smith & CO. Inc. raised its holdings in Titan International by 25.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 500,905 shares of the industrial products company’s stock valued at $3,401,000 after acquiring an additional 103,105 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Titan International in the 4th quarter valued at approximately $639,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Trading Down 0.6%

Titan International stock opened at $7.04 on Friday. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $9.60. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $7.42 and a two-hundred day moving average price of $7.64. The stock has a market cap of $448.48 million, a price-to-earnings ratio of -58.67 and a beta of 1.95.

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

Analysts Set New Price Targets

TWI has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price target for the company. Wall Street Zen raised Titan International from a “sell” rating to a “hold” rating in a report on Thursday, May 8th.

Titan International 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.