BNP Paribas Financial Markets Buys 24,289 Shares of Titan International, Inc. (NYSE:TWI)

BNP Paribas Financial Markets raised its stake in Titan International, Inc. (NYSE:TWI) by 219.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,357 shares of the industrial products company’s stock after buying an additional 24,289 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Titan International worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Titan International during the 2nd quarter valued at $27,000. nVerses Capital LLC raised its holdings in shares of Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 3,100 shares in the last quarter. FMR LLC lifted its stake in Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,625 shares during the period. CWM LLC grew its holdings in Titan International by 46.8% during the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 2,819 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Titan International during the 2nd quarter valued at about $101,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Trading Up 6.8 %

Shares of NYSE:TWI opened at $8.17 on Monday. The business’s 50-day moving average is $7.20 and its 200 day moving average is $7.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $15.33. The firm has a market capitalization of $515.85 million, a P/E ratio of -68.08 and a beta of 1.83.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TWI. DA Davidson began coverage on shares of Titan International in a report on Friday. They set a “buy” rating and a $11.00 price objective on the stock. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

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.