First Eagle Investment Management LLC Invests $1.21 Million in Titan International, Inc. (NYSE:TWI)

First Eagle Investment Management LLC bought a new stake in shares of Titan International, Inc. (NYSE:TWI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. 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.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in Titan International during the 3rd quarter valued at $41,000. FMR LLC raised its stake in shares of Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock valued at $43,000 after buying an additional 1,625 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after buying an additional 3,132 shares in the last quarter. Mraz Amerine & Associates Inc. acquired a new position in shares of Titan International in the 4th quarter valued at $74,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Titan International in the 3rd quarter valued at $92,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Price Performance

Shares of TWI traded up $0.12 during trading hours on Tuesday, hitting $8.40. The stock had a trading volume of 311,840 shares, compared to its average volume of 645,033. The company's fifty day moving average is $8.23 and its two-hundred day moving average is $7.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $12.95. The stock has a market capitalization of $530.86 million, a price-to-earnings ratio of -70.08 and a beta of 1.77.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. DA Davidson assumed coverage on shares of Titan International in a research note on Friday, December 13th. They issued a "buy" rating and a $11.00 price objective for the company.

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.