Titan International, Inc. (NYSE:TWI) CAO Anthony Eheli Sells 2,500 Shares

Titan International, Inc. (NYSE:TWIGet Free Report) CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now owns 52,918 shares in the company, valued at approximately $657,241.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Titan International Price Performance

TWI stock opened at $12.24 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 2.35. Titan International, Inc. has a 52 week low of $9.23 and a 52 week high of $15.33. The firm’s fifty day moving average is $13.71 and its 200 day moving average is $13.41. The firm has a market cap of $742.05 million, a P/E ratio of 9.79 and a beta of 2.10.

Titan International (NYSE:TWIGet Free Report) last released its earnings results on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. Titan International had a net margin of 4.32% and a return on equity of 22.57%. The company had revenue of $390.20 million for the quarter, compared to analyst estimates of $418.05 million. Research analysts predict that Titan International, Inc. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, TheStreet cut shares of Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

Check Out Our Latest Report on TWI

Hedge Funds Weigh In On Titan International

Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors grew its holdings in shares of Titan International by 5,040.0% during the 1st quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 1,764 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Titan International by 65.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 1,388 shares during the last quarter. Quarry LP bought a new stake in Titan International in the 1st quarter worth $50,000. Lazard Asset Management LLC bought a new stake in Titan International in the 1st quarter worth $71,000. Finally, Royal Bank of Canada grew its holdings in Titan International by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 5,472 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 2,128 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

About Titan International

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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.

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