Citigroup Inc. Has $268,000 Position in Titan International, Inc. (NYSE:TWI)

Citigroup Inc. lessened its holdings in shares of Titan International, Inc. (NYSE:TWI) by 46.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,958 shares of the industrial products company’s stock after selling 17,529 shares during the quarter. Citigroup Inc.’s holdings in Titan International were worth $268,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Titan International by 15.6% during the third quarter. American Century Companies Inc. now owns 700,683 shares of the industrial products company’s stock worth $9,410,000 after buying an additional 94,797 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Titan International by 18.4% in the 3rd quarter. Deutsche Bank AG now owns 21,794 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 3,381 shares in the last quarter. Comerica Bank bought a new stake in shares of Titan International in the 3rd quarter worth $318,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Titan International by 55.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 582,950 shares of the industrial products company’s stock valued at $7,829,000 after purchasing an additional 206,984 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Titan International by 192.7% during the third quarter. Public Employees Retirement System of Ohio now owns 53,412 shares of the industrial products company’s stock valued at $717,000 after purchasing an additional 35,162 shares in the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Insider Activity

In other news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.30% of the stock is owned by company insiders.

Titan International Stock Performance

Shares of TWI opened at $12.46 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.35 and a quick ratio of 1.37. The firm has a market cap of $755.33 million, a PE ratio of 9.96 and a beta of 2.10. Titan International, Inc. has a 1 year low of $9.23 and a 1 year high of $15.33. The stock’s fifty day moving average price is $13.65 and its two-hundred day moving average price is $13.41.

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

Wall Street Analyst Weigh In

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

Titan International Company Profile

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.