Illinois Municipal Retirement Fund Sells 2,251 Shares of Titan International, Inc. (NYSE:TWI)

Illinois Municipal Retirement Fund decreased its stake in Titan International, Inc. (NYSE:TWI) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,451 shares of the industrial products company’s stock after selling 2,251 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Titan International were worth $438,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Titan International during the third quarter worth about $139,000. Clear Harbor Asset Management LLC grew its position in Titan International by 1.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 184,700 shares of the industrial products company’s stock worth $2,481,000 after acquiring an additional 3,000 shares during the last quarter. TD Asset Management Inc increased its holdings in Titan International by 12.3% during the 3rd quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company’s stock valued at $745,000 after purchasing an additional 6,100 shares in the last quarter. Teacher Retirement System of Texas raised its position in Titan International by 71.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 163,349 shares of the industrial products company’s stock valued at $2,194,000 after purchasing an additional 68,343 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in Titan International in the third quarter worth $170,000. 80.39% of the stock is currently owned by institutional investors.

Titan International Price Performance

Shares of TWI stock opened at $11.17 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $813.96 million, a price-to-earnings ratio of 8.94 and a beta of 2.09. The firm’s 50 day moving average is $12.36 and its 200-day moving average is $13.25. Titan International, Inc. has a 1 year low of $9.54 and a 1 year high of $15.33.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm had revenue of $390.20 million for the quarter, compared to the consensus estimate of $418.05 million. Titan International had a return on equity of 22.57% and a net margin of 4.32%. Sell-side analysts forecast that Titan International, Inc. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Insider Activity

In related news, CAO Anthony Eheli sold 2,500 shares of Titan International stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 18.30% of the stock is currently owned by insiders.

About Titan International

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.