Total Clarity Wealth Management Inc. Raises Stock Position in Titan International, Inc. (NYSE:TWI)

Total Clarity Wealth Management Inc. grew its holdings in shares of Titan International, Inc. (NYSE:TWI) by 183.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,503 shares of the industrial products company’s stock after buying an additional 31,386 shares during the quarter. Total Clarity Wealth Management Inc. owned 0.07% of Titan International worth $359,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. LSV Asset Management raised its position in Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock valued at $6,138,000 after purchasing an additional 47,600 shares during the period. Koss Olinger Consulting LLC bought a new position in shares of Titan International during the 2nd quarter valued at approximately $329,000. Victory Capital Management Inc. raised its holdings in Titan International by 2,689.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock valued at $9,043,000 after buying an additional 1,176,593 shares during the period. Privium Fund Management UK Ltd lifted its position in Titan International by 100.7% in the second quarter. Privium Fund Management UK Ltd now owns 34,045 shares of the industrial products company’s stock worth $244,000 after buying an additional 17,085 shares during the last quarter. Finally, nVerses Capital LLC boosted its stake in Titan International by 344.4% during the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after buying an additional 3,100 shares during the period. Institutional investors own 80.39% of the company’s stock.

Titan International Trading Down 0.4 %

TWI stock opened at $8.30 on Tuesday. Titan International, Inc. has a twelve month low of $6.71 and a twelve month high of $15.33. The stock has a market capitalization of $598.57 million, a price-to-earnings ratio of 9.32 and a beta of 1.80. The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.87. The firm’s fifty day simple moving average is $7.99 and its two-hundred day simple moving average is $9.28.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.15). The firm had revenue of $532.17 million for the quarter, compared to the consensus estimate of $547.02 million. Titan International had a net margin of 1.55% and a return on equity of 12.23%. As a group, analysts anticipate that Titan International, Inc. will post 0.42 earnings per share for the current year.

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 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.