Titan International, Inc. (TWI) CEO Paul G. Reitz Sells 22,000 Shares of Stock

Titan International, Inc. (NYSE:TWI) CEO Paul G. Reitz sold 22,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $10.82, for a total transaction of $238,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Titan International, Inc. (NYSE:TWI) opened at $11.14 on Tuesday. Titan International, Inc. has a 12 month low of $7.97 and a 12 month high of $14.23. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17.

Titan International (NYSE:TWI) last issued its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The firm had revenue of $370.99 million during the quarter, compared to the consensus estimate of $331.30 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. The business’s quarterly revenue was up 21.2% on a year-over-year basis. equities analysts expect that Titan International, Inc. will post -0.62 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of TWI. UBS Asset Management Americas Inc. bought a new stake in Titan International in the first quarter valued at approximately $170,000. Alliancebernstein L.P. increased its stake in Titan International by 145.8% in the first quarter. Alliancebernstein L.P. now owns 46,020 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 27,300 shares in the last quarter. Teachers Advisors LLC increased its stake in Titan International by 5.1% in the first quarter. Teachers Advisors LLC now owns 81,773 shares of the industrial products company’s stock valued at $846,000 after purchasing an additional 3,952 shares in the last quarter. Legal & General Group Plc increased its stake in Titan International by 8.5% in the first quarter. Legal & General Group Plc now owns 79,016 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 6,168 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Titan International by 16.0% in the first quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 3,750 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on TWI. BidaskClub upgraded shares of Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Jefferies Group LLC restated a “hold” rating and issued a $12.00 price objective on shares of Titan International in a report on Sunday, November 5th. Finally, ValuEngine lowered shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Titan International currently has a consensus rating of “Buy” and a consensus price target of $13.50.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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