Donald Smith & CO. Inc. Makes New Investment in Titan International, Inc. (NYSE:TWI)

Donald Smith & CO. Inc. purchased a new position in shares of Titan International, Inc. (NYSE:TWI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 397,800 shares of the industrial products company's stock, valued at approximately $3,234,000. Donald Smith & CO. Inc. owned 0.55% of Titan International as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in Titan International by 2,689.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company's stock worth $9,043,000 after acquiring an additional 1,176,593 shares during the period. Denali Advisors LLC grew its position in shares of Titan International by 582.0% during the 2nd quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company's stock valued at $2,052,000 after buying an additional 236,287 shares during the last quarter. Vanguard Group Inc. boosted its position in Titan International by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company's stock valued at $48,327,000 after purchasing an additional 10,537 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Titan International in the 2nd quarter worth about $101,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Titan International in the first quarter valued at approximately $289,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Price Performance

Titan International stock traded up $0.09 during trading hours on Wednesday, hitting $7.36. 761,844 shares of the company traded hands, compared to its average volume of 502,838. Titan International, Inc. has a 1-year low of $6.71 and a 1-year high of $15.33. The firm has a market cap of $531.09 million, a P/E ratio of 16.52 and a beta of 1.79. The firm's 50-day simple moving average is $7.74 and its two-hundred day simple moving average is $8.21. The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.87.

Titan International (NYSE:TWI - Get Free Report) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Titan International had a return on equity of 12.23% and a net margin of 1.55%. The firm had revenue of $532.17 million during the quarter, compared to analysts' expectations of $547.02 million. As a group, analysts forecast that Titan International, Inc. will post 0.41 earnings per share for the current fiscal year.

About Titan International

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.