Jean Claude Kihn Sells 7,500 Shares of The Goodyear Tire & Rubber Company (GT) Stock

The Goodyear Tire & Rubber Company (NASDAQ:GT) SVP Jean Claude Kihn sold 7,500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $32.12, for a total value of $240,900.00. Following the completion of the transaction, the senior vice president now directly owns 51,848 shares in the company, valued at approximately $1,665,357.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jean Claude Kihn also recently made the following trade(s):

  • On Wednesday, November 1st, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $30.53, for a total value of $228,975.00.
  • On Monday, October 2nd, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The shares were sold at an average price of $33.26, for a total value of $249,450.00.
  • On Monday, September 18th, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The shares were sold at an average price of $32.44, for a total value of $243,300.00.

The Goodyear Tire & Rubber Company (GT) traded down $0.86 during trading on Thursday, hitting $31.36. The company had a trading volume of 3,176,000 shares, compared to its average volume of 2,906,049. The Goodyear Tire & Rubber Company has a one year low of $28.81 and a one year high of $37.20. The firm has a market capitalization of $7,936.66, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.90 and a beta of 1.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.37.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company earned $1.17 EPS. The company’s revenue was up 1.9% on a year-over-year basis. analysts predict that The Goodyear Tire & Rubber Company will post 2.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.14 per share. This is a boost from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. This represents a $0.56 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, October 31st. The Goodyear Tire & Rubber’s payout ratio is presently 14.47%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GT. Benjamin F. Edwards & Company Inc. grew its stake in shares of The Goodyear Tire & Rubber by 143.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock worth $152,000 after purchasing an additional 2,682 shares during the last quarter. Schroder Investment Management Group purchased a new position in shares of The Goodyear Tire & Rubber in the second quarter worth approximately $160,000. Dynamic Technology Lab Private Ltd purchased a new position in The Goodyear Tire & Rubber during the third quarter valued at approximately $205,000. Pacer Advisors Inc. lifted its stake in The Goodyear Tire & Rubber by 8.4% in the second quarter. Pacer Advisors Inc. now owns 5,883 shares of the company’s stock valued at $206,000 after acquiring an additional 457 shares during the last quarter. Finally, Westover Capital Advisors LLC lifted its stake in The Goodyear Tire & Rubber by 5.7% in the second quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock valued at $215,000 after acquiring an additional 330 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on GT. Morgan Stanley reaffirmed a “buy” rating and issued a $46.00 target price on shares of The Goodyear Tire & Rubber in a report on Monday, September 11th. Guggenheim lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and issued a $37.00 price target on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. J P Morgan Chase & Co reduced their price objective on shares of The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Finally, Jefferies Group reissued a “buy” rating and set a $36.00 price objective on shares of The Goodyear Tire & Rubber in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Goodyear Tire & Rubber has a consensus rating of “Hold” and an average price target of $37.70.

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About The Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Insider Buying and Selling by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

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