Kennedy Capital Management LLC Invests $1.48 Million in Titan International, Inc. (NYSE:TWI)

Kennedy Capital Management LLC bought a new position in Titan International, Inc. (NYSE:TWI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 218,201 shares of the industrial products company's stock, valued at approximately $1,482,000. Kennedy Capital Management LLC owned 0.35% of Titan International at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TWI. Renaissance Technologies LLC lifted its stake in Titan International by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,743,587 shares of the industrial products company's stock worth $18,629,000 after acquiring an additional 27,616 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Titan International by 12.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 61,353 shares of the industrial products company's stock valued at $417,000 after purchasing an additional 6,703 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Titan International by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 30,042 shares of the industrial products company's stock valued at $204,000 after purchasing an additional 6,878 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in Titan International by 25.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 500,905 shares of the industrial products company's stock valued at $3,401,000 after buying an additional 103,105 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in Titan International in the fourth quarter worth approximately $236,000. Hedge funds and other institutional investors own 80.39% of the company's stock.

Titan International Stock Performance

NYSE:TWI traded up $0.09 during trading hours on Friday, hitting $6.86. 377,928 shares of the company were exchanged, compared to its average volume of 722,393. The company's 50 day moving average price is $8.09 and its 200-day moving average price is $7.62. The stock has a market capitalization of $433.22 million, a price-to-earnings ratio of -57.13 and a beta of 1.64. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $11.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Titan International from a "sell" rating to a "hold" rating in a research note on Saturday, March 29th. Cantor Fitzgerald assumed coverage on shares of Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price target for the company.

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.