Titan International (NYSE:TWI) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research note released on Wednesday.

Separately, DA Davidson assumed coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price target on the stock.

Titan International Trading Down 4.3 %

TWI stock opened at $8.76 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm’s fifty day moving average is $7.61 and its 200 day moving average is $7.59. Titan International has a one year low of $6.34 and a one year high of $14.50.

Hedge Funds Weigh In On Titan International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWI. Donald Smith & CO. Inc. purchased a new position in Titan International during the third quarter valued at $3,234,000. Victory Capital Management Inc. lifted its stake in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after buying an additional 388,864 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Titan International in the fourth quarter worth about $1,211,000. Villanova Investment Management Co LLC purchased a new position in shares of Titan International in the third quarter worth about $1,110,000. Finally, Trexquant Investment LP purchased a new position in shares of Titan International in the fourth quarter worth about $639,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

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.