Voya Investment Management LLC decreased its position in shares of Titan International, Inc. (NYSE:TWI – Free Report) by 12.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,222 shares of the industrial products company’s stock after selling 2,289 shares during the quarter. Voya Investment Management LLC’s holdings in Titan International were worth $136,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 1060 Capital LLC bought a new stake in shares of Titan International during the 1st quarter valued at $4,536,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Titan International by 60.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,636 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 6,297 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Titan International by 38.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 685,446 shares of the industrial products company’s stock valued at $5,751,000 after acquiring an additional 191,035 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Titan International during the 1st quarter valued at $101,000. Finally, Principal Financial Group Inc. raised its position in shares of Titan International by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 239,093 shares of the industrial products company’s stock valued at $2,006,000 after acquiring an additional 6,274 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.
Titan International Price Performance
TWI stock opened at $7.55 on Wednesday. The stock has a 50-day moving average price of $8.61 and a two-hundred day moving average price of $8.34. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $10.94. The company has a current ratio of 2.35, a quick ratio of 1.27 and a debt-to-equity ratio of 0.98. The stock has a market cap of $482.45 million, a PE ratio of -24.35 and a beta of 1.85.
Wall Street Analyst Weigh In
Several brokerages have commented on TWI. DA Davidson upped their target price on shares of Titan International from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Noble Financial began coverage on shares of Titan International in a research report on Wednesday, June 4th. They set an “outperform” rating and a $11.00 target price for the company. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Titan International has an average rating of “Buy” and a consensus price target of $11.33.
Check Out Our Latest Analysis on Titan International
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.
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