Titan International, Inc. (NYSE:TWI) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in shares of Titan International, Inc. (NYSE:TWI) by 90.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,380 shares of the industrial products company’s stock after buying an additional 32,023 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of Titan International worth $458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWI. Victory Capital Management Inc. lifted its stake in Titan International by 21.4% in 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 acquiring an additional 344,658 shares in the last quarter. Kennedy Capital Management LLC bought a new position in Titan International during the fourth quarter valued at about $1,482,000. First Eagle Investment Management LLC acquired a new stake in Titan International during the fourth quarter worth $1,211,000. Jane Street Group LLC raised its position in Titan International by 105.6% in the fourth quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company’s stock worth $2,128,000 after purchasing an additional 160,975 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its position in Titan International by 25.9% in the fourth 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 during the period. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Stock Performance

Shares of Titan International stock opened at $7.01 on Monday. The stock’s 50-day moving average is $7.40 and its 200-day moving average is $7.65. Titan International, Inc. has a one year low of $5.93 and a one year high of $9.60. The firm has a market cap of $446.25 million, a price-to-earnings ratio of -58.38 and a beta of 1.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 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 business had revenue of $490.71 million for the quarter, compared to analyst estimates of $466.86 million. Equities analysts predict that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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