Titan International, Inc. (TWI) Position Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Titan International, Inc. (NYSE:TWI) by 12.8% during the first quarter, Holdings Channel reports. The fund owned 469,649 shares of the industrial products company’s stock after buying an additional 53,351 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Titan International were worth $4,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TWI. Capital Fund Management S.A. bought a new position in Titan International during the first quarter worth approximately $819,000. Essex Investment Management Co. LLC boosted its position in Titan International by 40.4% in the first quarter. Essex Investment Management Co. LLC now owns 121,284 shares of the industrial products company’s stock worth $1,254,000 after buying an additional 34,921 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Titan International during the first quarter worth approximately $3,071,000. Strs Ohio bought a new position in Titan International during the first quarter worth approximately $587,000. Finally, Telemus Capital LLC boosted its position in Titan International by 12.4% in the first quarter. Telemus Capital LLC now owns 39,063 shares of the industrial products company’s stock worth $404,000 after buying an additional 4,300 shares during the last quarter. 85.35% of the stock is currently owned by institutional investors.

Shares of Titan International, Inc. (TWI) traded down 0.69% during mid-day trading on Wednesday, hitting $10.09. 66,754 shares of the stock traded hands. The stock has a 50 day moving average price of $12.11 and a 200-day moving average price of $11.50. Titan International, Inc. has a one year low of $8.49 and a one year high of $14.23. The company’s market cap is $601.94 million.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.18. The firm had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, analysts forecast that Titan International, Inc. will post ($0.11) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Wednesday, June 28th. Titan International’s dividend payout ratio is currently -2.44%.

TRADEMARK VIOLATION WARNING: “[[title]]” was originally posted by [[site]] and is owned by of [[site]]. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at [[permalink]].

A number of research analysts have commented on the stock. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, June 30th. Jefferies Group LLC reissued an “underperform” rating and set a $14.00 price target (up previously from $11.50) on shares of Titan International in a research report on Friday, April 14th. Finally, Sidoti raised shares of Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. Titan International presently has a consensus rating of “Hold” and a consensus target price of $14.00.

About Titan International

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.

Want to see what other hedge funds are holding TWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Titan International, Inc. (NYSE:TWI).