Cornerstone Capital Management Holdings LLC. grew its position in Tower International Inc (NYSE:TOWR) by 124.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,600 shares of the auto parts company’s stock after buying an additional 17,500 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.15% of Tower International worth $964,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. acquired a new stake in Tower International in the 4th quarter worth approximately $217,000. Delphi Management Inc. MA acquired a new stake in Tower International in the 3rd quarter worth approximately $215,000. Paloma Partners Management Co acquired a new stake in Tower International in the 4th quarter worth approximately $253,000. Eqis Capital Management Inc. boosted its stake in Tower International by 52.6% in the 4th quarter. Eqis Capital Management Inc. now owns 14,514 shares of the auto parts company’s stock worth $443,000 after purchasing an additional 5,002 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in Tower International by 17.1% in the 4th quarter. Capital Fund Management S.A. now owns 18,500 shares of the auto parts company’s stock worth $565,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.
Shares of NYSE TOWR opened at $27.75 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.14 and a debt-to-equity ratio of 1.28. Tower International Inc has a 12 month low of $21.00 and a 12 month high of $33.65. The company has a market cap of $570.04, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 0.85 and a beta of 2.51.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Tower International from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th. ValuEngine cut shares of Tower International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. Finally, JPMorgan Chase lowered their target price on shares of Tower International from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $35.33.
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Tower International Company Profile
Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.
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