State Street Corp Cuts Stake in Titan International, Inc. (NYSE:TWI)

State Street Corp cut its position in Titan International, Inc. (NYSE:TWI) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,869,727 shares of the industrial products company’s stock after selling 25,656 shares during the period. State Street Corp owned approximately 2.96% of Titan International worth $15,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares in the last quarter. nVerses Capital LLC lifted its holdings in Titan International by 344.4% during the 2nd 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. Panagora Asset Management Inc. lifted its stake in Titan International by 1.3% in the second quarter. Panagora Asset Management Inc. now owns 245,067 shares of the industrial products company’s stock worth $1,816,000 after acquiring an additional 3,220 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Titan International during the 2nd quarter worth about $27,000. Finally, Koss Olinger Consulting LLC grew its holdings in shares of Titan International by 9.7% during the third quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 4,309 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Stock Up 0.6 %

NYSE TWI opened at $6.99 on Wednesday. The company has a market capitalization of $441.34 million, a price-to-earnings ratio of -58.25 and a beta of 1.83. 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 stock’s 50 day moving average is $7.23 and its two-hundred day moving average is $7.57. Titan International, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TWI shares. 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 target for the company. StockNews.com lowered shares of Titan International from a “hold” rating to a “sell” rating in a report on Thursday, December 19th.

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.