Anthony Eheli Sells 2,500 Shares of Titan International, Inc. (NYSE:TWI) Stock

Titan International, Inc. (NYSE:TWI) CAO Anthony Eheli sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the completion of the sale, the chief accounting officer now directly owns 52,918 shares of the company’s stock, valued at $657,241.56. The transaction was disclosed in a filing with the SEC, which is available at this link.

Titan International Price Performance

Shares of Titan International stock opened at $12.46 on Thursday. The company has a market capitalization of $755.40 million, a price-to-earnings ratio of 9.96 and a beta of 2.10. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.88. The stock’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $13.41. Titan International, Inc. has a 52 week low of $9.23 and a 52 week high of $15.33.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Titan International had a return on equity of 22.57% and a net margin of 4.32%. The company had revenue of $390.20 million for the quarter, compared to analysts’ expectations of $418.05 million. As a group, analysts expect that Titan International, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Titan International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in shares of Titan International by 38.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock worth $34,379,000 after acquiring an additional 637,123 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in Titan International in the 3rd quarter worth about $2,564,000. Trexquant Investment LP increased its stake in Titan International by 2.2% in the 2nd quarter. Trexquant Investment LP now owns 108,059 shares of the industrial products company’s stock worth $1,241,000 after buying an additional 2,371 shares during the period. TD Asset Management Inc increased its stake in 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 worth $745,000 after buying an additional 6,100 shares during the period. Finally, Mork Capital Management LLC purchased a new position in Titan International in the 3rd quarter worth about $1,209,000. 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.