Creative Planning Raises Holdings in Titan International, Inc. (NYSE:TWI)

Creative Planning lifted its holdings in Titan International, Inc. (NYSE:TWI) by 80.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,151 shares of the industrial products company’s stock after purchasing an additional 32,562 shares during the quarter. Creative Planning owned 0.10% of Titan International worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position 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 buying an additional 1,176,593 shares during the last quarter. Denali Advisors LLC lifted its position in Titan International by 582.0% during the second quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock valued at $2,052,000 after purchasing an additional 236,287 shares during the period. Vanguard Group Inc. boosted its holdings in Titan International by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock worth $48,327,000 after purchasing an additional 10,537 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Titan International during the 2nd quarter valued at $101,000. Finally, UniSuper Management Pty Ltd purchased a new stake in Titan International during the 1st quarter valued at $289,000. 80.39% of the stock is owned by institutional investors.

Titan International Stock Performance

TWI stock opened at $6.45 on Tuesday. The company has a market cap of $407.25 million, a P/E ratio of -53.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.38. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $15.33. The stock’s fifty day moving average price is $7.63 and its 200-day moving average price is $8.07.

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.