State Street Corp Sells 25,656 Shares of Titan International, Inc. (NYSE:TWI)

State Street Corp lessened its holdings in shares of Titan International, Inc. (NYSE:TWI) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,869,727 shares of the industrial products company’s stock after selling 25,656 shares during the period. State Street Corp’s holdings in Titan International were worth $15,201,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Titan International in the second quarter valued at about $101,000. Allspring Global Investments Holdings LLC grew its position in shares of Titan International by 332.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,897 shares of the industrial products company’s stock worth $147,000 after buying an additional 15,295 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Titan International by 1.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 245,067 shares of the industrial products company’s stock valued at $1,816,000 after acquiring an additional 3,220 shares in the last quarter. Innealta Capital LLC bought a new stake in Titan International in the 2nd quarter valued at about $27,000. Finally, nVerses Capital LLC lifted its holdings in shares of Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TWI shares. DA Davidson started coverage on shares of Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock. StockNews.com downgraded Titan International from a “hold” rating to a “sell” rating in a research report on Thursday, December 19th.

Titan International Trading Up 0.6 %

NYSE:TWI opened at $6.99 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $441.34 million, a price-to-earnings ratio of -58.25 and a beta of 1.83. The firm has a 50 day moving average of $7.23 and a 200 day moving average of $7.57. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $15.33.

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.