Prudential Financial Inc. reduced its position in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,081 shares of the industrial products company's stock after selling 134,900 shares during the period. Prudential Financial Inc. owned about 0.12% of Titan International worth $517,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock worth $37,000 after acquiring an additional 3,132 shares during the last quarter. Quarry LP bought a new stake in shares of Titan International in the 3rd quarter worth approximately $41,000. FMR LLC boosted its position in 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 purchasing an additional 1,625 shares during the period. KLP Kapitalforvaltning AS bought a new position in Titan International during the 4th quarter worth $54,000. Finally, Mraz Amerine & Associates Inc. bought a new position in Titan International during the 4th quarter worth $74,000. 80.39% of the stock is owned by institutional investors and hedge funds.
Titan International Stock Performance
Shares of TWI traded up $0.20 during trading hours on Friday, reaching $7.14. 476,362 shares of the company's stock traded hands, compared to its average volume of 717,482. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $12.24. The business's fifty day simple moving average is $8.28 and its two-hundred day simple moving average is $7.66. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The firm has a market capitalization of $450.92 million, a price-to-earnings ratio of -59.46 and a beta of 1.64.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Titan International in a research report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price objective on the stock. StockNews.com raised Titan International from a "sell" rating to a "hold" rating in a report on Saturday, March 29th.
Get Our Latest Analysis on TWI
Titan International Company Profile
(
Free Report)
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.
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