Donald Smith & CO. Inc. Invests $3.23 Million in Titan International, Inc. (NYSE:TWI)

Donald Smith & CO. Inc. purchased a new stake in Titan International, Inc. (NYSE:TWI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 397,800 shares of the industrial products company’s stock, valued at approximately $3,234,000. Donald Smith & CO. Inc. owned about 0.55% of Titan International at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Ballentine Partners LLC purchased a new stake in shares of Titan International in the third quarter valued at about $180,000. Koss Olinger Consulting LLC increased its position in Titan International by 9.7% in the 3rd quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock valued at $396,000 after acquiring an additional 4,309 shares during the period. Creative Planning raised 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 last quarter. SG Americas Securities LLC lifted its position in Titan International by 124.3% during the 3rd quarter. SG Americas Securities LLC now owns 30,703 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 17,015 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Titan International during the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Stock Performance

Shares of NYSE:TWI traded up $0.14 during trading on Wednesday, reaching $7.41. The company had a trading volume of 124,541 shares, compared to its average volume of 499,773. Titan International, Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $15.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.40 and a quick ratio of 1.38. The stock’s fifty day moving average price is $7.74 and its 200 day moving average price is $8.21. The firm has a market capitalization of $534.70 million, a price-to-earnings ratio of 16.52 and a beta of 1.79.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). The firm had revenue of $532.17 million during the quarter, compared to analyst estimates of $547.02 million. Titan International had a net margin of 1.55% and a return on equity of 12.23%. As a group, equities research analysts predict that Titan International, Inc. will post 0.41 EPS for the current year.

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.