GSA Capital Partners LLP Purchases New Position in Titan International, Inc. $TWI

GSA Capital Partners LLP purchased a new stake in Titan International, Inc. (NYSE:TWI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 126,854 shares of the industrial products company’s stock, valued at approximately $978,000.

Several other hedge funds have also recently bought and sold shares of TWI. Quarry LP bought a new stake in shares of Titan International during the third quarter worth approximately $27,000. Russell Investments Group Ltd. lifted its holdings in Titan International by 22,000.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 4,180 shares during the last quarter. State of Wyoming boosted its stake in Titan International by 45.2% in the 1st quarter. State of Wyoming now owns 4,758 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,482 shares during the period. Quantbot Technologies LP bought a new stake in Titan International in the 2nd quarter valued at $46,000. Finally, Tower Research Capital LLC TRC boosted its stake in Titan International by 191.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,189 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 3,410 shares during the period. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Trading Down 2.9%

Shares of TWI stock opened at $6.42 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.15 and a debt-to-equity ratio of 1.10. The stock has a market cap of $414.67 million, a P/E ratio of -5.31 and a beta of 1.45. The stock has a 50 day simple moving average of $7.44 and a 200 day simple moving average of $8.07. Titan International, Inc. has a 1 year low of $6.37 and a 1 year high of $11.70.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The business had revenue of $484.77 million for the quarter, compared to the consensus estimate of $480.06 million. Titan International had a negative return on equity of 1.56% and a negative net margin of 4.11%. On average, research analysts predict that Titan International, Inc. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on TWI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan International in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $13.00 price target on shares of Titan International in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

Titan International 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.