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

First Eagle Investment Management LLC bought a new position in shares of Titan International, Inc. (NYSE:TWI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Miller Financial Services LLC acquired a new position in Titan International during the fourth quarter worth $85,000. Inceptionr LLC increased its position in Titan International by 156.4% during the fourth quarter. Inceptionr LLC now owns 28,907 shares of the industrial products company's stock worth $196,000 after buying an additional 17,633 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Titan International during the fourth quarter worth $126,000. Victory Capital Management Inc. increased its position in Titan International by 21.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock worth $13,267,000 after buying an additional 344,658 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Titan International in the fourth quarter valued at about $191,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWI has been the topic of several research analyst reports. DA Davidson initiated coverage on Titan International in a research report on Friday, December 13th. They issued a "buy" rating and a $11.00 price target on the stock. Cantor Fitzgerald began coverage on shares of Titan International in a research note on Thursday. They set an "overweight" rating and a $11.00 price target for the company. Finally, StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th.

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Titan International Trading Up 7.0 %

TWI traded up $0.60 during trading on Thursday, reaching $9.05. 1,125,788 shares of the company's stock were exchanged, compared to its average volume of 651,204. The company's fifty day moving average price is $8.29 and its 200-day moving average price is $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. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $12.95. The firm has a market capitalization of $571.63 million, a PE ratio of -75.38 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.