Titan International, Inc. (NYSE:TWI) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its position in shares of Titan International, Inc. (NYSE:TWI) by 9,915.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,806 shares of the industrial products company’s stock after buying an additional 3,768 shares during the period. Meeder Asset Management Inc.’s holdings in Titan International were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in Titan International by 42.0% in the second quarter. BlackRock Inc. now owns 8,108,922 shares of the industrial products company’s stock valued at $68,763,000 after buying an additional 2,399,121 shares in the last quarter. State Street Corp increased its holdings in shares of Titan International by 108.7% in the 2nd quarter. State Street Corp now owns 1,403,662 shares of the industrial products company’s stock valued at $11,903,000 after acquiring an additional 731,229 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Titan International by 423.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 568,918 shares of the industrial products company’s stock worth $4,071,000 after acquiring an additional 460,214 shares in the last quarter. Geode Capital Management LLC lifted its stake in Titan International by 96.6% during the second quarter. Geode Capital Management LLC now owns 817,518 shares of the industrial products company’s stock worth $6,932,000 after purchasing an additional 401,652 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Titan International by 205.2% in the second quarter. Northern Trust Corp now owns 547,233 shares of the industrial products company’s stock valued at $4,640,000 after purchasing an additional 367,909 shares in the last quarter. Institutional investors own 73.71% of the company’s stock.

Shares of Titan International stock opened at $11.09 on Friday. The firm has a market capitalization of $691.79 million, a P/E ratio of 135.00 and a beta of 2.62. Titan International, Inc. has a 52 week low of $6.27 and a 52 week high of $11.92. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 2.58. The firm’s 50 day moving average is $8.79 and its two-hundred day moving average is $8.17.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, November 3rd. The industrial products company reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $450.38 million for the quarter, compared to analyst estimates of $415.79 million. Titan International had a net margin of 0.29% and a return on equity of 13.29%. During the same period in the prior year, the firm posted ($0.10) earnings per share. As a group, research analysts expect that Titan International, Inc. will post 0.63 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, December 29th.

About Titan International

Titan International, Inc is a holding company, which engages in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer. The Agricultural segment manufactures rims, wheels, and tires for use in various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.

Further Reading: 52-Week Highs and Lows

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

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