Barclays PLC Boosts Stock Holdings in Titan International, Inc. (NYSE:TWI)

Barclays PLC increased its position in shares of Titan International, Inc. (NYSE:TWI) by 207.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,669 shares of the industrial products company’s stock after purchasing an additional 72,612 shares during the period. Barclays PLC owned approximately 0.17% of Titan International worth $877,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in Titan International by 35.6% in the second 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 in the last quarter. Victory Capital Management Inc. grew its position in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of Titan International in the third quarter valued at approximately $3,234,000. Finally, Empowered Funds LLC grew its position in shares of Titan International by 5.4% in the third quarter. Empowered Funds LLC now owns 297,142 shares of the industrial products company’s stock valued at $2,416,000 after purchasing an additional 15,142 shares during the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on TWI shares. 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 target price on the stock. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday.

Titan International Stock Performance

Shares of TWI stock opened at $6.99 on Thursday. The company’s fifty day simple moving average is $7.18 and its 200-day simple moving average is $7.52. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company has a market cap of $441.34 million, a PE ratio of -58.25 and a beta of 1.82.

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.