2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. increased its stake in shares of The Goodyear Tire & Rubber Company ( NASDAQ:GT – Free Report ) by 20.7% in the fourth quarter, Holdings Channel.
com reports. The fund owned 331,902 shares of the company’s stock after purchasing an additional 57,028 shares during the period. Russell Investments Group Ltd.
’s holdings in Goodyear Tire & Rubber were worth $2,987,000 at the end of the most recent reporting period. Several other institutional investors also recently bought and sold shares of GT. Allworth Financial LP raised its holdings in shares of Goodyear Tire & Rubber by 251.
8% during the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company’s stock worth $40,000 after acquiring an additional 3,059 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Goodyear Tire & Rubber in the third quarter worth $45,000.
Signaturefd LLC raised its stake in Goodyear Tire & Rubber by 61.2% during the fourth quarter. Signaturefd LLC now owns 5,259 shares of the company’s stock valued at $47,000 after purchasing an additional 1,997 shares in the last quarter.
Newbridge Financial Services Group Inc. bought a new position in Goodyear Tire & Rubber during the fourth quarter valued at $54,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Goodyear Tire & Rubber in the 4th quarter worth $79,000.
84.19% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several analysts have recently issued reports on the stock.
Argus upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, February 18th. StockNews.
com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, March 31st.
Finally, TD Cowen assumed coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They set a “buy” rating and a $14.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Goodyear Tire & Rubber presently has an average rating of “Moderate Buy” and a consensus price target of $13.78.
Goodyear Tire & Rubber Stock Up 1.0 % Shares of NASDAQ GT opened at $9.75 on Friday.
The company has a market cap of $2.78 billion, a P/E ratio of 40.63 and a beta of 1.
49. The firm has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $9.
17. The Goodyear Tire & Rubber Company has a 1 year low of $7.27 and a 1 year high of $13.
26. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.
04 and a quick ratio of 0.55. Goodyear Tire & Rubber ( NASDAQ:GT – Get Free Report ) last issued its quarterly earnings results on Thursday, February 13th.
The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.
10. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.
91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.
37%. Research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.
Goodyear Tire & Rubber Profile ( Free Report ) Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.
Further Reading Want to see what other hedge funds are holding GT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goodyear Tire & Rubber Company ( NASDAQ:GT – Free Report ). Receive News & Ratings for Goodyear Tire & Rubber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goodyear Tire & Rubber and related companies with MarketBeat.
com's FREE daily email newsletter ..
