Fishman Jay A Ltd. MI reduced its position in shares of Titan International Inc (NYSE:TWI) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,808,247 shares of the industrial products company’s stock after selling 35,785 shares during the period. Titan International comprises about 1.4% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 19th largest holding. Fishman Jay A Ltd. MI owned 4.67% of Titan International worth $7,582,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in shares of Titan International by 8.4% during the second quarter. Crossmark Global Holdings Inc. now owns 39,040 shares of the industrial products company’s stock worth $191,000 after buying an additional 3,029 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Titan International by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 54,300 shares of the industrial products company’s stock worth $266,000 after buying an additional 4,400 shares during the period. Parametric Portfolio Associates LLC boosted its position in Titan International by 4.1% during the second quarter. Parametric Portfolio Associates LLC now owns 113,239 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 4,414 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Titan International during the second quarter valued at approximately $30,000. Finally, California Public Employees Retirement System boosted its position in Titan International by 5.8% during the third quarter. California Public Employees Retirement System now owns 153,500 shares of the industrial products company’s stock valued at $414,000 after purchasing an additional 8,400 shares during the last quarter. 84.25% of the stock is owned by institutional investors.
In other Titan International news, Director Maurice M. Taylor, Jr. acquired 13,805 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $3.02 per share, with a total value of $41,691.10. Following the completion of the transaction, the director now directly owns 702,889 shares in the company, valued at approximately $2,122,724.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Maurice M. Taylor, Jr. acquired 18,570 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $2.97 per share, with a total value of $55,152.90. Following the completion of the transaction, the director now owns 702,889 shares of the company’s stock, valued at $2,087,580.33. The disclosure for this purchase can be found here. Company insiders own 17.80% of the company’s stock.
NYSE TWI traded down $0.19 during trading hours on Friday, hitting $2.76. 287,785 shares of the company traded hands, compared to its average volume of 408,856. The business’s 50-day moving average is $2.75 and its 200-day moving average is $3.81. Titan International Inc has a twelve month low of $2.25 and a twelve month high of $7.65. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.02 and a current ratio of 2.00. The stock has a market capitalization of $181.10 million, a price-to-earnings ratio of 10.22 and a beta of 2.16.
Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). Titan International had a negative net margin of 1.31% and a negative return on equity of 5.32%. The business had revenue of $345.90 million during the quarter, compared to analyst estimates of $369.33 million. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s quarterly revenue was down 10.1% on a year-over-year basis. Analysts predict that Titan International Inc will post -0.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.005 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.72%. Titan International’s payout ratio is 7.41%.
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 North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
Further Reading: Is it better to buy a fund with a higher or lower NAV?
Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.