SCHEDULE 13G/A: Pacer Entities Divest Entire Stake in Titan International, Inc., Reporting Zero Beneficial Ownership

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have filed an amended Schedule 13G, reporting 0% beneficial ownership of Titan International, Inc. common stock as of March 31, 2025.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of common stock in Titan International, Inc.
• As of March 31, 2025, the Reporting Persons collectively reported 0 shares beneficially owned, representing 0% of Titan International, Inc.'s common stock.
• This filing indicates a complete divestment or reduction below the reporting threshold by the Pacer entities.
• The calculation of ownership percentage is based on 63,139,435 shares of common stock issued and outstanding as of December 31, 2024, as provided by Titan International, Inc.
• The filing was made jointly by the Reporting Persons, with Joe M. Thomson signing on behalf of all entities.

Sentiment

Score: 4

Explanation: The document reports a complete divestment of shares by the reporting entities, which could be perceived negatively by the market as it indicates a lack of confidence or a change in investment strategy regarding the issuer. However, it's a routine ownership disclosure and not a direct commentary on the issuer's performance.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Titan International, Inc.'s future performance or operations. It solely reports a change in beneficial ownership by the filing entities.

Management Comments

• The document contains certifications from Joe M. Thomson stating that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

This filing is a standard regulatory disclosure of a change in institutional ownership. It does not provide specific insights into broader industry trends for agricultural or off-highway equipment, nor does it directly compare Titan International, Inc. to its competitors. The divestment by a small-cap focused ETF could reflect a rebalancing of its portfolio or a change in investment strategy, rather than a direct commentary on Titan's industry position.

Stakeholder Impact

• The divestment by the Pacer entities could potentially lead to a slight negative sentiment among shareholders due to the reduction in institutional ownership, though the impact is likely minimal given the 0% reported ownership.

Next Steps

• The document does not specify any future actions or milestones for Titan International, Inc. or the reporting persons beyond the regulatory filing itself.

Key Dates

Keywords

Titan International Inc., Schedule 13G, Beneficial Ownership, Pacer US Small Cap Cash Cows ETF, Pacer Advisors Inc., Joe M. Thomson, Common Stock, SEC Filing, Investment Fund, Ownership Disclosure