Titan International (NYSE:TWI) Upgraded at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research note published on Saturday.

Several other equities research analysts also recently commented on the stock. DA Davidson started coverage on shares of Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald initiated coverage on shares of Titan International in a research note on Thursday, March 20th. They set an “overweight” rating and a $11.00 price target on the stock.

Titan International Stock Down 2.0 %

Shares of NYSE TWI opened at $8.41 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The stock has a market capitalization of $531.18 million, a PE ratio of -70.04 and a beta of 1.77. Titan International has a one year low of $6.34 and a one year high of $12.77. The business’s fifty day moving average price is $8.58 and its 200-day moving average price is $7.74.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in shares of Titan International by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock worth $13,267,000 after buying an additional 344,658 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Titan International during the 4th quarter worth approximately $1,482,000. First Eagle Investment Management LLC bought a new stake in Titan International during the 4th quarter worth approximately $1,211,000. Jane Street Group LLC lifted its stake in Titan International by 105.6% in the 4th quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company’s stock worth $2,128,000 after purchasing an additional 160,975 shares in the last quarter. Finally, Villanova Investment Management Co LLC bought a new position in Titan International in the 3rd quarter valued at $1,110,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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.