Principal Financial Group Inc. Sells 20,188 Shares of Titan International, Inc. (NYSE:TWI)

Principal Financial Group Inc. reduced its stake in shares of Titan International, Inc. (NYSE:TWI) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,355 shares of the industrial products company’s stock after selling 20,188 shares during the quarter. Principal Financial Group Inc. owned about 0.37% of Titan International worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TWI. nVerses Capital LLC lifted its position 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 worth $30,000 after buying an additional 3,100 shares in the last quarter. Quarry LP bought a new stake in Titan International in the 3rd quarter worth approximately $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% during the 3rd 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 in the last quarter. Quantinno Capital Management LP bought a new position in shares of Titan International during the 3rd quarter valued at approximately $92,000. Finally, Intech Investment Management LLC purchased a new position in shares of Titan International in the third quarter valued at $117,000. Institutional investors own 80.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TWI. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. DA Davidson assumed coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock.

Titan International Stock Up 3.4 %

Shares of NYSE TWI opened at $7.02 on Friday. The company has a market cap of $443.24 million, a P/E ratio of -58.50 and a beta of 1.83. The firm has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $7.53. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $15.33. 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 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.