Donald Smith & CO. Inc. Has $14.99 Million Stake in Titan International, Inc. $TWI

Donald Smith & CO. Inc. increased its holdings in shares of Titan International, Inc. (NYSE:TWI) by 92.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,459,953 shares of the industrial products company’s stock after buying an additional 700,467 shares during the period. Donald Smith & CO. Inc. owned 2.28% of Titan International worth $14,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its holdings in Titan International by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 110,861 shares of the industrial products company’s stock worth $1,139,000 after acquiring an additional 2,125 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Titan International by 8.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 28,842 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 2,253 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Titan International by 25.4% during the first quarter. Hsbc Holdings PLC now owns 14,678 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 2,969 shares during the period. Prudential Financial Inc. increased its holdings in Titan International by 6.3% in the second quarter. Prudential Financial Inc. now owns 52,026 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 3,085 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Titan International by 12.5% in the first quarter. MetLife Investment Management LLC now owns 30,104 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 3,341 shares during the last quarter. 80.39% of the stock is owned by institutional investors.

Titan International Trading Down 1.4%

NYSE TWI opened at $8.20 on Friday. The firm has a market cap of $524.21 million, a P/E ratio of -81.97 and a beta of 1.39. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.28 and a quick ratio of 1.25. The stock’s 50-day moving average is $7.75 and its 200-day moving average is $8.45. Titan International, Inc. has a one year low of $5.93 and a one year high of $10.94.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. Titan International had a positive return on equity of 1.38% and a negative net margin of 0.34%.The business had revenue of $466.47 million during the quarter, compared to analyst estimates of $458.74 million. Sell-side analysts anticipate 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 several analyst reports. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Titan International in a report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Titan International presently has an average rating of “Moderate Buy” and an average price target 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.