Titan International (TWI) Downgraded to “Hold” at Zacks Investment Research

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Titan International (NYSE:TWI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. “

Separately, ValuEngine downgraded Titan International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.92.

Shares of TWI traded up $0.15 during midday trading on Tuesday, reaching $5.51. 4,664 shares of the stock were exchanged, compared to its average volume of 314,961. Titan International has a 52 week low of $4.49 and a 52 week high of $14.53. The company has a current ratio of 2.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $324.75 million, a price-to-earnings ratio of -11.24 and a beta of 1.72.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Titan International by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 614,557 shares of the industrial products company’s stock worth $2,864,000 after purchasing an additional 49,386 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of Titan International by 7.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 37,422 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 2,612 shares during the last quarter. BlackRock Inc. raised its stake in shares of Titan International by 1.8% in the fourth quarter. BlackRock Inc. now owns 7,792,235 shares of the industrial products company’s stock worth $36,311,000 after purchasing an additional 134,853 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of Titan International in the fourth quarter worth about $89,000. Finally, Telemus Capital LLC raised its stake in shares of Titan International by 69.1% in the fourth quarter. Telemus Capital LLC now owns 91,921 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 37,546 shares during the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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