Quantinno Capital Management LP Acquires Shares of 11,268 Titan International, Inc. (NYSE:TWI)

Quantinno Capital Management LP bought a new position in shares of Titan International, Inc. (NYSE:TWI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,268 shares of the industrial products company’s stock, valued at approximately $92,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TWI. Quarry LP bought a new position in Titan International in the third quarter worth approximately $41,000. Readystate Asset Management LP bought a new position in shares of Titan International during the 3rd quarter worth $355,000. Verition Fund Management LLC increased its stake in shares of Titan International by 396.6% during the third quarter. Verition Fund Management LLC now owns 56,738 shares of the industrial products company’s stock valued at $461,000 after buying an additional 45,313 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Titan International by 7.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,342 shares of the industrial products company’s stock valued at $848,000 after acquiring an additional 7,420 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Titan International by 219.5% in the third quarter. BNP Paribas Financial Markets now owns 35,357 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 24,289 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TWI. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. DA Davidson began coverage on shares of Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock.

Titan International Trading Down 0.6 %

Shares of NYSE TWI opened at $7.65 on Wednesday. Titan International, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33. The business has a fifty day moving average price of $7.23 and a 200 day moving average price of $7.59. The stock has a market capitalization of $482.70 million, a P/E ratio of -63.71 and a beta of 1.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

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.