Titan International (NYSE:TWI) Upgraded to “Hold” at StockNews.com

Titan International (NYSE:TWI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

TWI has been the topic of several other research reports. DA Davidson initiated coverage on Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock. Cantor Fitzgerald initiated coverage on Titan International in a research note on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price objective for the company.

Titan International Stock Down 4.1 %

TWI opened at $8.60 on Friday. The company has a market cap of $543.31 million, a PE ratio of -71.64 and a beta of 1.77. Titan International has a twelve month low of $6.34 and a twelve month high of $12.77. The company has a 50-day moving average price of $8.56 and a 200 day moving average price of $7.74. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TWI. Victory Capital Management Inc. increased its holdings in shares of Titan International by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock valued at $13,267,000 after purchasing an additional 344,658 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Titan International in the 4th quarter worth $1,482,000. First Eagle Investment Management LLC acquired a new stake in shares of Titan International in the 4th quarter worth $1,211,000. Jane Street Group LLC raised its holdings in shares of Titan International by 105.6% during the 4th quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company’s stock worth $2,128,000 after acquiring an additional 160,975 shares during the period. Finally, Villanova Investment Management Co LLC acquired a new position in shares of Titan International during the 3rd quarter valued at about $1,110,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

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.