Fishman Jay A Ltd. MI Has $28.237 Million Position in Titan International Inc (TWI)

Fishman Jay A Ltd. MI boosted its position in shares of Titan International Inc (NYSE:TWI) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,730,882 shares of the industrial products company’s stock after buying an additional 55,095 shares during the period. Titan International makes up approximately 6.4% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 2nd largest position. Fishman Jay A Ltd. MI’s holdings in Titan International were worth $28,237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Titan International by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,281,067 shares of the industrial products company’s stock worth $36,781,000 after buying an additional 527,385 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Titan International by 9.0% in the third quarter. BlackRock Fund Advisors now owns 3,218,690 shares of the industrial products company’s stock worth $32,573,000 after buying an additional 265,269 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Titan International by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,606,000 shares of the industrial products company’s stock worth $29,213,000 after buying an additional 193,200 shares in the last quarter. Allianz Asset Management AG purchased a new position in shares of Titan International during the fourth quarter worth approximately $12,321,000. Finally, State Street Corp raised its position in shares of Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock worth $10,852,000 after buying an additional 62,930 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Titan International (NYSE:TWI)

Titan International Inc (NYSE:TWI) traded up 7.41% during mid-day trading on Friday, hitting $10.44. The stock had a trading volume of 555,934 shares. The firm’s 50-day moving average is $10.25 and its 200 day moving average is $11.29. Titan International Inc has a 12 month low of $5.76 and a 12 month high of $14.23. The company’s market cap is $622.82 million.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.09. The company had revenue of $357.50 million during the quarter, compared to analysts’ expectations of $332.14 million. Titan International had a negative net margin of 6.86% and a negative return on equity of 12.49%. Titan International’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.33) earnings per share. Equities analysts anticipate that Titan International Inc will post ($0.08) EPS for the current fiscal year.

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TWI has been the topic of a number of research reports. Feltl & Co. reaffirmed a “buy” rating on shares of Titan International in a report on Thursday, March 16th. Zacks Investment Research raised Titan International from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, February 1st. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $14.00 price objective (up from $11.50) on shares of Titan International in a report on Friday, April 14th. William Blair raised Titan International from a “market perform” rating to an “outperform” rating in a report on Friday, January 27th. Finally, Sidoti raised Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.33.

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.

12 Month Chart for NYSE:TWI

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