SG Americas Securities LLC buys shares of 13,688 shares of Titan International, Inc. (NYSE: TWI)

SG Americas Securities LLC purchased a new stake in Titan International, Inc. (NYSE:TWI – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,688 shares of the industrial products company’s stock, valued at approximately $101,000.

A number of other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Titan International by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after buying an additional 215,637 shares during the last quarter. Panagora Asset Management Inc. increased its position in Titan International by 52.2% during the 4th quarter. Panagora Asset Management Inc. now owns 203,692 shares of the industrial products company’s stock worth $3,031,000 after purchasing an additional 69,861 shares during the last quarter. Assenagon Asset Management SA raised its stake in Titan International by 25.8% in the first quarter. Assenagon Asset Management SA now owns 323,905 shares of the industrial products company’s stock worth $4,036,000 after purchasing an additional 66,459 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Titan International by 33.8% in the first quarter. Empowered Funds LLC now owns 261,660 shares of the industrial products company’s stock worth $3,260,000 after purchasing an additional 66,151 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of Titan International in the first quarter worth $506,000. 80.39% of shares are currently held by institutional investors.

Titanium International Stock 0.9%

Shares of Titan International stock opened at $8.44 on Tuesday. The company’s 50-day simple moving average is $7.69, and its two-hundred-day simple moving average is $9.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.38, and a current ratio of 2.40. The company has a market cap of $614.67 million, a PE ratio of 9.48 and a beta of 1.85. Titan International, Inc. it has a fifty-two week low of $6.71 and a fifty-two week high of $15.33.

Titan International (NYSE:TWI – Get Your Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Titan International had a return on equity of 12.23% and a net margin of 1.55%. The business had revenue of $532.17 million during the quarter, compared to analyst estimates of $547.02 million. Stock analysts anticipate that Titan International, Inc. will record 0.42 EPS for the current year.

Titan International Company Profile

(Free report)

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 the Agriculture, Momentum/Construction and Consumer sectors. It offers wheels, tires and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters and irrigation equipment.

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