Pacer Advisors Inc. Buys 1,175,857 Shares of Titan International, Inc. (NYSE:TWI)

Pacer Advisors Inc. grew its stake in shares of Titan International, Inc. (NYSE:TWI) by 35.6% during the second quarter, HoldingsChannel reports. The firm owned 4,479,660 shares of the industrial products company’s stock after purchasing an additional 1,175,857 shares during the quarter. Pacer Advisors Inc. owned 0.06% of Titan International worth $33,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TWI. Victory Capital Management Inc. boosted its position in Titan International by 2,689.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock valued at $9,043,000 after acquiring an additional 1,176,593 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Titan International by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after purchasing an additional 215,637 shares in the last quarter. Denali Advisors LLC grew its stake in Titan International by 582.0% in the second quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock worth $2,052,000 after purchasing an additional 236,287 shares during the period. Syon Capital LLC bought a new position in Titan International in the fourth quarter worth $244,000. Finally, Vanguard Group Inc. lifted its position in Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock valued at $48,327,000 after buying an additional 10,537 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Stock Down 3.4 %

NYSE:TWI opened at $8.12 on Friday. Titan International, Inc. has a 1-year low of $6.71 and a 1-year high of $15.33. The company has a market capitalization of $591.71 million, a PE ratio of 9.12 and a beta of 1.80. The firm’s 50-day moving average price is $8.08 and its 200-day moving average price is $9.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.40 and a quick ratio of 1.38.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Titan International had a return on equity of 12.23% and a net margin of 1.55%. The business had revenue of $532.17 million during the quarter, compared to analysts’ expectations of $547.02 million. On average, equities analysts predict that Titan International, Inc. will post 0.42 EPS for the current fiscal year.

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.