Jacobs Levy Equity Management Inc. decreased its position in shares of Titan International, Inc. (NYSE:TWI – Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 563,933 shares of the industrial products company’s stock after selling 16,598 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.77% of Titan International worth $7,027,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in shares of Titan International during the 1st quarter valued at about $25,000. Tradewinds Capital Management LLC bought a new stake in shares of Titan International in the 1st quarter worth approximately $100,000. ProShare Advisors LLC bought a new stake in shares of Titan International in the 1st quarter worth approximately $129,000. Boulder Hill Capital Management LP bought a new stake in shares of Titan International in the 4th quarter worth approximately $161,000. Finally, Diversified Trust Co bought a new stake in shares of Titan International in the 1st quarter worth approximately $194,000. Institutional investors own 80.39% of the company’s stock.
Titan International Stock Up 1.8 %
Shares of TWI traded up $0.15 on Tuesday, reaching $8.51. The stock had a trading volume of 552,337 shares, compared to its average volume of 488,180. The firm has a market capitalization of $620.12 million, a price-to-earnings ratio of 9.40 and a beta of 1.86. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33. The company has a 50-day simple moving average of $7.71 and a 200-day simple moving average of $10.84. Titan International, Inc. has a 12-month low of $6.71 and a 12-month high of $15.33.
Titan International Profile
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.
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