Titan International (NYSE:TWI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research note released on Friday.

Separately, DA Davidson initiated coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company.

Titan International Trading Down 0.7 %

TWI opened at $6.92 on Friday. Titan International has a 12 month low of $6.34 and a 12 month 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 stock has a 50-day moving average of $7.22 and a 200 day moving average of $7.55. The firm has a market cap of $436.92 million, a P/E ratio of -57.67 and a beta of 1.83.

Hedge Funds Weigh In On Titan International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of Titan International by 35.6% in the 2nd 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. increased its stake 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 worth $13,083,000 after acquiring an additional 388,864 shares during the period. LSV Asset Management raised its position in shares of Titan International by 6.1% in the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after acquiring an additional 47,600 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Titan International by 1.2% during 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 in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new stake in Titan International during the 3rd quarter worth $3,234,000. Institutional investors own 80.39% of the company’s stock.

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.