Goldman Sachs Group Inc. Has $695,000 Holdings in Titan International, Inc. (TWI)

Goldman Sachs Group Inc. lessened its stake in shares of Titan International, Inc. (NYSE:TWI) by 69.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,942 shares of the industrial products company’s stock after selling 134,490 shares during the period. Goldman Sachs Group Inc. owned about 0.10% of Titan International worth $695,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TWI. Franklin Resources Inc. raised its stake in shares of Titan International by 70.3% during the second quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock valued at $37,922,000 after acquiring an additional 1,303,200 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Titan International by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,713,774 shares of the industrial products company’s stock valued at $38,400,000 after acquiring an additional 432,707 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Titan International during the second quarter valued at approximately $4,233,000. Vanguard Group Inc. raised its stake in shares of Titan International by 9.5% during the second quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock valued at $40,224,000 after acquiring an additional 290,653 shares in the last quarter. Finally, Fishman Jay A Ltd. MI raised its stake in shares of Titan International by 3.7% during the second quarter. Fishman Jay A Ltd. MI now owns 2,833,032 shares of the industrial products company’s stock valued at $34,025,000 after acquiring an additional 102,150 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

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Titan International, Inc. (TWI) opened at $11.17 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17. Titan International, Inc. has a 1-year low of $7.97 and a 1-year high of $14.23.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The company had revenue of $370.99 million for the quarter, compared to analyst estimates of $331.30 million. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. Titan International’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted ($0.15) earnings per share. equities research analysts expect that Titan International, Inc. will post -0.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.18%. The ex-dividend date was Thursday, September 28th. Titan International’s payout ratio is -2.41%.

Several research firms have recently weighed in on TWI. ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Monday. BidaskClub downgraded shares of Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price target on shares of Titan International in a research note on Sunday, November 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $13.50.

Titan International Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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