Titan International, Inc. (NYSE:TWI) Stock Holdings Trimmed by AQR Capital Management LLC

AQR Capital Management LLC lessened its position in shares of Titan International, Inc. (NYSE:TWI) by 27.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 343,923 shares of the industrial products company’s stock after selling 132,145 shares during the period. AQR Capital Management LLC owned about 0.47% of Titan International worth $2,548,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board lifted its stake in Titan International by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 112,193 shares of the industrial products company’s stock worth $831,000 after purchasing an additional 7,205 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Titan International by 35.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock valued at $33,194,000 after buying an additional 1,175,857 shares during the period. Denali Advisors LLC boosted its holdings in shares of Titan International by 582.0% in 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 period. Total Clarity Wealth Management Inc. raised its stake in Titan International by 183.4% during the second quarter. Total Clarity Wealth Management Inc. now owns 48,503 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 31,386 shares during the period. Finally, LSV Asset Management lifted its holdings in Titan International by 6.1% in the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after acquiring an additional 47,600 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Stock Performance

Shares of TWI stock opened at $6.89 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $7.96 and a two-hundred day moving average of $8.79. The company has a market cap of $497.18 million, a P/E ratio of 7.74 and a beta of 1.79. Titan International, Inc. has a 52 week low of $6.71 and a 52 week high of $15.33.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Titan International had a return on equity of 12.23% and a net margin of 1.55%. The company had revenue of $532.17 million for the quarter, compared to the consensus estimate of $547.02 million. As a group, analysts anticipate that Titan International, Inc. will post 0.42 EPS for the current 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.