New York State Teachers Retirement System Reduces Stock Holdings in Titan International, Inc. (NYSE:TWI)

New York State Teachers Retirement System reduced its holdings in Titan International, Inc. (NYSE:TWI) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,953 shares of the industrial products company’s stock after selling 1,391 shares during the period. New York State Teachers Retirement System owned about 0.05% of Titan International worth $475,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of Titan International by 38.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock valued at $34,379,000 after acquiring an additional 637,123 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Titan International in the 3rd quarter valued at $2,564,000. TD Asset Management Inc lifted its stake in shares of Titan International by 12.3% in the 3rd quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company’s stock valued at $745,000 after purchasing an additional 6,100 shares during the period. Mork Capital Management LLC acquired a new position in shares of Titan International in the 3rd quarter valued at $1,209,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Titan International by 602.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 104,613 shares of the industrial products company’s stock valued at $1,405,000 after purchasing an additional 89,723 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Stock Performance

TWI opened at $11.41 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.35 and a quick ratio of 1.37. The firm has a fifty day moving average price of $12.84 and a 200 day moving average price of $13.33. Titan International, Inc. has a 1 year low of $9.23 and a 1 year high of $15.33. The stock has a market cap of $691.71 million, a P/E ratio of 9.12 and a beta of 2.09.

Titan International (NYSE:TWI) last posted its earnings results on Thursday, February 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.32% and a return on equity of 22.57%. Equities research analysts anticipate that Titan International, Inc. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.30% of the stock is currently owned by company insiders.

About Titan International

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.