Advisory Research Inc. trimmed its holdings in shares of Titan International, Inc. (NYSE:TWI – Get Rating) by 30.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,967 shares of the industrial products company's stock after selling 75,544 shares during the period. Advisory Research Inc. owned 0.28% of Titan International worth $2,125,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWI. Millennium Management LLC acquired a new stake in Titan International during the 2nd quarter valued at $13,963,000. Jacobs Levy Equity Management Inc. increased its holdings in Titan International by 171.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 691,664 shares of the industrial products company's stock valued at $8,397,000 after purchasing an additional 437,102 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Titan International by 85.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 879,000 shares of the industrial products company's stock valued at $13,273,000 after purchasing an additional 404,510 shares in the last quarter. Vanguard Group Inc. increased its holdings in Titan International by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 3,557,173 shares of the industrial products company's stock valued at $52,397,000 after purchasing an additional 265,300 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Titan International by 59.8% during the 3rd quarter. Prudential Financial Inc. now owns 616,927 shares of the industrial products company's stock valued at $7,489,000 after purchasing an additional 230,835 shares in the last quarter. 79.43% of the stock is owned by institutional investors and hedge funds.
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In other Titan International news, Director Maurice M. Taylor, Jr. sold 200,000 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $15.44, for a total value of $3,088,000.00. Following the transaction, the director now directly owns 592,968 shares in the company, valued at approximately $9,155,425.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Titan International news, Director Maurice M. Taylor, Jr. sold 200,000 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $15.44, for a total value of $3,088,000.00. Following the transaction, the director now directly owns 592,968 shares in the company, valued at approximately $9,155,425.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maurice M. Taylor, Jr. sold 100,000 shares of the firm's stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $15.27, for a total value of $1,527,000.00. Following the completion of the transaction, the director now owns 792,968 shares in the company, valued at $12,108,621.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,000 shares of company stock worth $5,219,000. Insiders own 19.60% of the company's stock.
Titan International Stock Down 1.3 %
Shares of TWI opened at $11.26 on Wednesday. The firm has a market capitalization of $707.92 million, a price-to-earnings ratio of 4.06 and a beta of 2.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 2.04. The business's fifty day moving average price is $15.21 and its two-hundred day moving average price is $14.42. Titan International, Inc. has a 52 week low of $11.11 and a 52 week high of $19.81.
Titan International Profile
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Titan International, Inc is a holding company engaged in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer. The Agricultural segment manufactures rims, wheels, and tires for use in various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.
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