Titan International (NYSE:TWI) Coverage Initiated by Analysts at DA Davidson

DA Davidson started coverage on shares of Titan International (NYSE:TWI) in a research report report published on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $11.00 target price on the industrial products company’s stock.

Separately, StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Price Performance

TWI opened at $8.17 on Friday. Titan International has a twelve month low of $6.34 and a twelve month high of $15.33. The company has a market capitalization of $515.85 million, a price-to-earnings ratio of -68.08 and a beta of 1.83. 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 firm has a 50-day moving average price of $7.20 and a 200-day moving average price of $7.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Titan International by 35.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after acquiring an additional 1,175,857 shares during the period. Victory Capital Management Inc. increased its stake in Titan International by 31.9% during 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 purchasing an additional 388,864 shares during the period. LSV Asset Management increased its stake in shares of Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after buying an additional 47,600 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after buying an additional 6,112 shares in the last quarter. Finally, Grace & White Inc. NY grew its holdings in shares of Titan International by 68.7% during the second quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock worth $2,992,000 after buying an additional 164,500 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.

About Titan International

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.