Titan International (NYSE:TWI) Upgraded at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a report issued on Wednesday.

Separately, DA Davidson assumed coverage on shares of Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 price target for the company.

Titan International Stock Performance

TWI stock opened at $8.86 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock has a market cap of $559.10 million, a P/E ratio of -73.79 and a beta of 1.82. The firm has a 50 day simple moving average of $7.67 and a 200 day simple moving average of $7.61. Titan International has a 52 week low of $6.34 and a 52 week high of $14.50.

Hedge Funds Weigh In On Titan International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in Titan International by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,743,587 shares of the industrial products company’s stock valued at $18,629,000 after acquiring an additional 27,616 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Titan International by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock valued at $13,267,000 after purchasing an additional 344,658 shares during the period. Geode Capital Management LLC raised its position in shares of Titan International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,138,329 shares of the industrial products company’s stock valued at $7,732,000 after purchasing an additional 5,940 shares during the period. Northern Trust Corp raised its position in shares of Titan International by 6.9% in the fourth quarter. Northern Trust Corp now owns 542,660 shares of the industrial products company’s stock valued at $3,685,000 after purchasing an additional 35,159 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares during the period. Institutional investors own 80.39% of the company’s stock.

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.