Titan International, Inc. (NYSE:TWI) Position Increased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its position in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,905 shares of the industrial products company's stock after buying an additional 103,105 shares during the period. Donald Smith & CO. Inc. owned approximately 0.79% of Titan International worth $3,401,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new position in shares of Titan International in the 4th quarter worth about $236,000. Trexquant Investment LP purchased a new stake in shares of Titan International in the fourth quarter worth about $639,000. Villanova Investment Management Co LLC raised its holdings in shares of Titan International by 53.5% during the 4th quarter. Villanova Investment Management Co LLC now owns 209,548 shares of the industrial products company's stock valued at $1,423,000 after buying an additional 73,008 shares during the period. Geode Capital Management LLC lifted its position in Titan International by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,138,329 shares of the industrial products company's stock worth $7,732,000 after acquiring an additional 5,940 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Titan International in the 4th quarter worth approximately $54,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TWI shares. StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research note on Saturday, March 29th. DA Davidson started coverage on shares of Titan International in a research note on Friday, December 13th. They set a "buy" rating and a $11.00 price target on the stock. Finally, Cantor Fitzgerald started coverage on shares of Titan International in a report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price objective on the stock.

Remove Ads

Titan International Stock Down 2.0 %

TWI stock traded down $0.13 during midday trading on Tuesday, hitting $6.55. 188,573 shares of the company's stock were exchanged, compared to its average volume of 813,985. The firm has a 50 day moving average price of $8.51 and a 200-day moving average price of $7.71. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $12.44. The stock has a market capitalization of $413.88 million, a price-to-earnings ratio of -54.38 and a beta of 1.64. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

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.