Towle & Co. Sells 200,647 Shares of Titan International, Inc. $TWI

Towle & Co. reduced its position in shares of Titan International, Inc. (NYSE:TWI) by 16.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,012,341 shares of the industrial products company’s stock after selling 200,647 shares during the quarter. Towle & Co. owned approximately 1.58% of Titan International worth $7,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brandywine Global Investment Management LLC lifted its holdings in Titan International by 20.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 276,110 shares of the industrial products company’s stock worth $2,836,000 after buying an additional 46,110 shares during the period. EVR Research LP increased its stake in shares of Titan International by 27.3% during the second quarter. EVR Research LP now owns 1,400,000 shares of the industrial products company’s stock valued at $14,378,000 after buying an additional 300,000 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Titan International by 22.8% during the second quarter. First Eagle Investment Management LLC now owns 620,251 shares of the industrial products company’s stock valued at $6,370,000 after acquiring an additional 115,087 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Titan International by 13.2% during the second quarter. American Century Companies Inc. now owns 1,212,683 shares of the industrial products company’s stock valued at $12,454,000 after acquiring an additional 141,256 shares in the last quarter. Finally, Bailard Inc. lifted its stake in Titan International by 33.1% in the second quarter. Bailard Inc. now owns 55,200 shares of the industrial products company’s stock worth $567,000 after acquiring an additional 13,731 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Titan International in a research report on Monday, December 29th. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Titan International has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Titan International Price Performance

TWI opened at $10.79 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.25 and a debt-to-equity ratio of 0.97. The company has a market cap of $690.08 million, a price-to-earnings ratio of -107.91 and a beta of 1.50. The stock has a fifty day simple moving average of $9.17 and a two-hundred day simple moving average of $8.48. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $11.70.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.