Donald Smith & CO. Inc. Has $27.34 Million Stock Position in Titan International, Inc. $TWI

Donald Smith & CO. Inc. lifted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 59.1% in the 4th quarter, HoldingsChannel reports. The fund owned 3,491,649 shares of the industrial products company’s stock after purchasing an additional 1,297,542 shares during the period. Donald Smith & CO. Inc. owned approximately 0.05% of Titan International worth $27,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWI. Quarry LP bought a new stake in shares of Titan International during the third quarter worth about $27,000. Federated Hermes Inc. bought a new stake in shares of Titan International during the third quarter worth about $31,000. Russell Investments Group Ltd. increased its position in shares of Titan International by 22,000.0% during the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 4,180 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Titan International during the second quarter worth about $46,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Titan International by 191.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 3,410 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

Titan International Stock Down 3.2%

Titan International stock opened at $7.23 on Thursday. Titan International, Inc. has a twelve month low of $6.43 and a twelve month high of $11.70. The firm has a 50 day moving average price of $7.71 and a 200-day moving average price of $8.38. The company has a market capitalization of $465.07 million, a P/E ratio of -5.27 and a beta of 1.45. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 1.15.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.39). The business had revenue of $505.07 million during the quarter, compared to the consensus estimate of $497.23 million. Titan International had a negative return on equity of 3.00% and a negative net margin of 4.72%. As a group, equities analysts predict that Titan International, Inc. will post -0.09 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. DA Davidson set a $13.00 price objective on shares of Titan International in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan International in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.00.

Titan International Company Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.