Anthony Eheli Sells 2,500 Shares of Titan International, Inc. (NYSE:TWI) Stock

Titan International, Inc. (NYSE:TWI) CAO Anthony Eheli sold 2,500 shares of Titan International stock in a transaction on Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the transaction, the chief accounting officer now directly owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Titan International Trading Up 1.8 %

Titan International stock opened at $12.46 on Thursday. The stock has a market cap of $755.40 million, a PE ratio of 9.96 and a beta of 2.10. The stock has a 50-day moving average price of $13.65 and a 200 day moving average price of $13.41. Titan International, Inc. has a 52 week low of $9.23 and a 52 week high of $15.33. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $390.20 million during the quarter, compared to analysts’ expectations of $418.05 million. Titan International had a return on equity of 22.57% and a net margin of 4.32%. Equities research analysts predict that Titan International, Inc. will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of Titan International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in shares of Titan International in the second quarter worth $13,963,000. Pacer Advisors Inc. grew its stake in shares of Titan International by 38.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock worth $34,379,000 after purchasing an additional 637,123 shares in the last quarter. BlackRock Inc. boosted its stake in Titan International by 3.9% during the second quarter. BlackRock Inc. now owns 9,403,656 shares of the industrial products company’s stock valued at $107,954,000 after buying an additional 350,189 shares in the last quarter. AQR Capital Management LLC boosted its stake in Titan International by 75.8% during the first quarter. AQR Capital Management LLC now owns 756,979 shares of the industrial products company’s stock valued at $7,933,000 after buying an additional 326,383 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Titan International by 8.1% during the first quarter. Vanguard Group Inc. now owns 3,557,173 shares of the industrial products company’s stock valued at $52,397,000 after buying an additional 265,300 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet cut Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

Titan International Company 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.