Nisa Investment Advisors LLC Increases Stock Holdings in Titan International, Inc. $TWI

Nisa Investment Advisors LLC lifted its position in Titan International, Inc. (NYSE:TWI) by 1,669.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,581 shares of the industrial products company’s stock after purchasing an additional 9,983 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Titan International were worth $109,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TWI. Fishman Jay A Ltd. MI raised its stake in shares of Titan International by 1.0% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 2,220,684 shares of the industrial products company’s stock valued at $22,806,000 after acquiring an additional 22,677 shares during the period. EVR Research LP purchased a new stake in shares of Titan International in the 1st quarter valued at approximately $9,229,000. Royce & Associates LP raised its stake in shares of Titan International by 1,059.1% in the 1st quarter. Royce & Associates LP now owns 918,114 shares of the industrial products company’s stock valued at $7,703,000 after acquiring an additional 838,902 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of Titan International by 51.6% in the 1st quarter. Donald Smith & CO. Inc. now owns 759,486 shares of the industrial products company’s stock valued at $6,372,000 after acquiring an additional 258,581 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Titan International by 38.6% in 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 period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Trading Up 1.5%

NYSE TWI opened at $7.88 on Wednesday. The firm has a 50 day simple moving average of $8.04 and a 200-day simple moving average of $8.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.27 and a current ratio of 2.35. Titan International, Inc. has a one year low of $5.93 and a one year high of $10.94. The firm has a market cap of $503.17 million, a price-to-earnings ratio of -25.40 and a beta of 1.92.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Titan International from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Titan International in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.33.

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.