BNP Paribas Financial Markets Increases Position in Titan International, Inc. (NYSE:TWI)

BNP Paribas Financial Markets increased its position in Titan International, Inc. (NYSE:TWI) by 219.5% in the third quarter, HoldingsChannel.com reports. The fund owned 35,357 shares of the industrial products company’s stock after buying an additional 24,289 shares during the period. BNP Paribas Financial Markets’ holdings in Titan International were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised 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 purchasing an additional 388,864 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $4,118,000 after buying an additional 6,112 shares during the period. Donald Smith & CO. Inc. purchased a new position in Titan International during the 3rd quarter worth approximately $3,234,000. Creative Planning lifted its stake in Titan International by 80.2% during the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock valued at $595,000 after acquiring an additional 32,562 shares during the period. Finally, Denali Advisors LLC boosted its holdings in shares of Titan International by 582.0% in the 2nd quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock valued at $2,052,000 after acquiring an additional 236,287 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Stock Up 6.8 %

Shares of TWI opened at $8.17 on Monday. 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 firm has a market cap of $515.85 million, a P/E ratio of -68.08 and a beta of 1.83. The stock’s 50 day moving average is $7.20 and its two-hundred day moving average is $7.60. Titan International, Inc. has a 12 month low of $6.34 and a 12 month high of $15.33.

Analyst Ratings Changes

A number of research analysts recently issued reports on TWI shares. DA Davidson began coverage on shares of Titan International in a research report on Friday. They set a “buy” rating and a $11.00 target price for the company. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

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.