Charles Schwab Investment Management Inc. Sells 12,140 Shares of Titan International, Inc. (NYSE:TWI)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Titan International, Inc. (NYSE:TWI) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 494,411 shares of the industrial products company’s stock after selling 12,140 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Titan International were worth $3,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC grew its position in Titan International by 5.1% in the fourth quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company’s stock valued at $2,121,000 after acquiring an additional 15,245 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Titan International by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company’s stock valued at $1,581,000 after purchasing an additional 1,464 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in shares of Titan International by 21.3% during the 4th quarter. Capital Investment Counsel Inc now owns 143,878 shares of the industrial products company’s stock valued at $977,000 after purchasing an additional 25,275 shares during the last quarter. Villanova Investment Management Co LLC acquired a new position in Titan International during the 3rd quarter worth approximately $1,110,000. Finally, Barclays PLC increased its position in Titan International by 207.1% during the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 72,612 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on TWI shares. Cantor Fitzgerald started coverage on shares of Titan International in a research report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 target price on the stock. DA Davidson initiated coverage on Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, StockNews.com lowered Titan International from a “hold” rating to a “sell” rating in a research report on Friday, March 21st.

Titan International Stock Down 0.8 %

Shares of NYSE TWI opened at $8.96 on Friday. The company has a 50 day simple moving average of $8.54 and a 200 day simple moving average of $7.74. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $12.77. The firm has a market cap of $565.94 million, a PE ratio of -74.63 and a beta of 1.77.

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.