First Eagle Investment Management LLC Purchases New Shares in Titan International, Inc. (NYSE:TWI)

First Eagle Investment Management LLC acquired a new stake in shares of Titan International, Inc. (NYSE:TWI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 178,281 shares of the industrial products company's stock, valued at approximately $1,211,000. First Eagle Investment Management LLC owned about 0.28% of Titan International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Titan International in the 3rd quarter worth approximately $41,000. FMR LLC grew its position in shares of Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 1,625 shares during the period. GAMMA Investing LLC raised its holdings in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock worth $37,000 after purchasing an additional 3,132 shares during the period. Mraz Amerine & Associates Inc. purchased a new position in Titan International during the fourth quarter valued at $74,000. Finally, Quantinno Capital Management LP purchased a new stake in Titan International in the third quarter worth about $92,000. Institutional investors own 80.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. DA Davidson assumed coverage on shares of Titan International in a report on Friday, December 13th. They set a "buy" rating and a $11.00 price target on the stock. StockNews.com raised Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th.

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Titan International Price Performance

Shares of Titan International stock traded up $0.13 on Wednesday, hitting $8.35. 88,228 shares of the company traded hands, compared to its average volume of 645,828. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $12.95. The business has a 50-day simple moving average of $8.26 and a 200 day simple moving average of $7.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock has a market capitalization of $527.39 million, a P/E ratio of -69.54 and a beta of 1.77.

Titan International Company 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.