UBS Group AG Buys 69,785 Shares of Titan International, Inc. $TWI

UBS Group AG grew its stake in Titan International, Inc. (NYSE:TWI) by 26.7% in the 4th quarter, Holdings Channel reports. The firm owned 330,894 shares of the industrial products company’s stock after purchasing an additional 69,785 shares during the period. UBS Group AG’s holdings in Titan International were worth $2,591,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. TABR Capital Management LLC bought a new position in Titan International in the 4th quarter worth $228,000. Daytona Street Capital LLC bought a new position in Titan International in the 4th quarter worth $132,000. Byrne Asset Management LLC raised its holdings in Titan International by 282.0% in the 4th quarter. Byrne Asset Management LLC now owns 16,310 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 12,040 shares in the last quarter. SG Americas Securities LLC bought a new position in Titan International in the 4th quarter worth $117,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Titan International in the 4th quarter worth $88,000. 80.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Aipct Holdings Llc sold 3,041,288 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.95, for a total transaction of $27,219,527.60. Following the sale, the insider directly owned 8,880,478 shares of the company’s stock, valued at approximately $79,480,278.10. This represents a 25.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TWI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Titan International in a report on Wednesday, April 22nd. DA Davidson set a $13.00 price target on shares of Titan International in a research note on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Titan International Stock Performance

Shares of TWI stock opened at $7.25 on Wednesday. Titan International, Inc. has a one year low of $6.43 and a one year high of $11.70. The company’s 50-day moving average is $7.63 and its 200 day moving average is $8.39. The company has a market capitalization of $466.70 million, a price-to-earnings ratio of -5.29 and a beta of 1.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.22 and a current ratio of 2.19.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.39). Titan International had a negative net margin of 4.72% and a negative return on equity of 3.00%. The firm had revenue of $505.07 million for the quarter, compared to analysts’ expectations of $497.23 million. Sell-side analysts expect that Titan International, Inc. will post -0.09 EPS for the current fiscal year.

Titan International Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel?and?tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.