Bank of New York Mellon Corp Has $2.08 Million Stake in Titan International, Inc. (NYSE:TWI)

Bank of New York Mellon Corp lowered its position in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 306,485 shares of the industrial products company's stock after selling 69,424 shares during the quarter. Bank of New York Mellon Corp owned about 0.49% of Titan International worth $2,081,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TWI. Charles Schwab Investment Management Inc. lifted its holdings in shares of Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company's stock worth $4,118,000 after purchasing an additional 6,112 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Titan International by 5.1% during the fourth quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company's stock valued at $2,121,000 after acquiring an additional 15,245 shares during the period. Principal Financial Group Inc. grew its position in shares of Titan International by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company's stock worth $1,581,000 after acquiring an additional 1,464 shares during the last quarter. Capital Investment Counsel Inc increased its holdings in shares of Titan International by 21.3% in the 4th quarter. Capital Investment Counsel Inc now owns 143,878 shares of the industrial products company's stock worth $977,000 after acquiring an additional 25,275 shares during the period. Finally, Villanova Investment Management Co LLC acquired a new position in Titan International during the 3rd quarter valued at about $1,110,000. Institutional investors own 80.39% of the company's stock.

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Analyst Upgrades and Downgrades

TWI has been the topic of a number of recent analyst reports. Cantor Fitzgerald assumed coverage on shares of Titan International in a research note on Thursday, March 20th. They set an "overweight" rating and a $11.00 price objective on the stock. StockNews.com cut shares of Titan International from a "hold" rating to a "sell" rating in a report on Friday. Finally, DA Davidson initiated coverage on Titan International in a report on Friday, December 13th. They set a "buy" rating and a $11.00 target price on the stock.

Titan International Stock Down 0.6 %

Shares of TWI stock traded down $0.05 on Tuesday, hitting $8.85. The company's stock had a trading volume of 671,772 shares, compared to its average volume of 672,560. 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 stock has a market capitalization of $559.30 million, a price-to-earnings ratio of -73.75 and a beta of 1.77. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $12.77. The firm's fifty day moving average price is $8.42 and its 200-day moving average price is $7.71.

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.