Geode Capital Management LLC Cuts Stock Position in Titan International, Inc. (NYSE:TWI)

Geode Capital Management LLC trimmed its stake in shares of Titan International, Inc. (NYSE:TWI) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,132,389 shares of the industrial products company’s stock after selling 3,320 shares during the period. Geode Capital Management LLC owned 1.79% of Titan International worth $9,208,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TWI. Villanova Investment Management Co LLC acquired a new stake in Titan International during the 3rd quarter worth $1,110,000. Victory Capital Management Inc. grew its holdings in shares of Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after purchasing an additional 388,864 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Titan International by 1.2% during 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. Donald Smith & CO. Inc. purchased a new stake in Titan International in the 3rd quarter valued at about $3,234,000. Finally, Creative Planning lifted its position in Titan International by 80.2% in the third quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock valued at $595,000 after buying an additional 32,562 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Trading Up 1.5 %

NYSE:TWI opened at $6.79 on Thursday. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $15.33. The stock has a market cap of $428.71 million, a P/E ratio of -56.58 and a beta of 1.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock has a 50-day simple moving average of $7.20 and a 200-day simple moving average of $7.53.

Wall Street Analyst Weigh In

TWI has been the subject of a number of recent analyst reports. DA Davidson started coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price target for the company. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

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.