Titan International, Inc. $TWI Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI trimmed its stake in shares of Titan International, Inc. (NYSE:TWI) by 6.0% in the third quarter, Holdings Channel.com reports. The firm owned 1,967,831 shares of the industrial products company’s stock after selling 125,533 shares during the quarter. Titan International comprises approximately 1.1% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 22nd biggest position. Fishman Jay A Ltd. MI’s holdings in Titan International were worth $13,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWI. State of Wyoming lifted 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 last quarter. Byrne Asset Management LLC grew its stake in shares of Titan International by 20.6% during the second quarter. Byrne Asset Management LLC now owns 23,100 shares of the industrial products company’s stock worth $178,000 after buying an additional 3,950 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Titan International by 2.0% during the first quarter. Principal Financial Group Inc. now owns 233,158 shares of the industrial products company’s stock worth $1,611,000 after buying an additional 4,599 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Titan International during the second quarter worth $40,000. Finally, HighTower Advisors LLC increased its holdings in shares of Titan International by 18.6% during the second quarter. HighTower Advisors LLC now owns 50,271 shares of the industrial products company’s stock worth $388,000 after buying an additional 7,892 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan International in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Titan International presently has an average rating of “Hold” and an average target price of $13.00.

Titan International Trading Up 0.2%

TWI opened at $6.66 on Wednesday. Titan International, Inc. has a twelve month low of $6.37 and a twelve month high of $11.70. The company has a fifty day moving average of $7.05 and a 200-day moving average of $7.88.

Titan International (NYSE:TWI) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.15. The firm had revenue of $484.77 million during the quarter, compared to analyst estimates of $480.06 million. As a group, analysts forecast that Titan International, Inc. will post -0.12 EPS for the current year.

About Titan International

Titan International, Inc (NYSE:TWI) designs, manufactures and sells wheels, tires and undercarriage systems for off-highway vehicles and equipment. Its products are used in agricultural, construction, earthmoving, mining and other industrial applications, with offerings that include specialized tires, wheels, wheel assemblies, tracks and related components.

The company serves original equipment manufacturers and replacement, or aftermarket, customers. Its products are used on tractors, combines, planting and harvesting equipment, loaders, graders, haulage vehicles and other heavy-duty machinery.