GHP Investment Advisors Inc. lessened its stake in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,945 shares of the company’s stock after selling 2,857 shares during the quarter. GHP Investment Advisors Inc. owned 0.10% of Cooper Tire & Rubber worth $1,872,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Crossmark Global Holdings Inc. boosted its stake in Cooper Tire & Rubber by 20.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,628 shares of the company’s stock worth $340,000 after buying an additional 1,629 shares during the period. OppenheimerFunds Inc. boosted its stake in Cooper Tire & Rubber by 7.1% during the fourth quarter. OppenheimerFunds Inc. now owns 24,653 shares of the company’s stock worth $872,000 after buying an additional 1,645 shares during the period. Sei Investments Co. boosted its stake in Cooper Tire & Rubber by 2.3% during the third quarter. Sei Investments Co. now owns 72,612 shares of the company’s stock worth $2,715,000 after buying an additional 1,660 shares during the period. New York State Common Retirement Fund boosted its stake in Cooper Tire & Rubber by 3.2% during the third quarter. New York State Common Retirement Fund now owns 58,600 shares of the company’s stock worth $2,192,000 after buying an additional 1,800 shares during the period. Finally, Cipher Capital LP boosted its stake in Cooper Tire & Rubber by 4.1% during the third quarter. Cipher Capital LP now owns 47,510 shares of the company’s stock worth $1,776,000 after buying an additional 1,863 shares during the period.
Cooper Tire & Rubber Co (NYSE CTB) opened at $30.75 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.75 and a debt-to-equity ratio of 0.25. Cooper Tire & Rubber Co has a 12 month low of $30.55 and a 12 month high of $44.50. The company has a market cap of $1,638.23, a P/E ratio of 17.28 and a beta of 0.38.
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.12). Cooper Tire & Rubber had a net margin of 3.34% and a return on equity of 13.71%. The business had revenue of $757.04 million during the quarter, compared to analysts’ expectations of $750.97 million. During the same period in the previous year, the business posted $1.30 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. sell-side analysts expect that Cooper Tire & Rubber Co will post 3.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, February 28th. Cooper Tire & Rubber’s payout ratio is 23.60%.
In other Cooper Tire & Rubber news, Director Robert D. Welding acquired 1,500 shares of the stock in a transaction dated Friday, March 9th. The stock was acquired at an average price of $32.30 per share, with a total value of $48,450.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $96,900. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.74% of the company’s stock.
Several research analysts have weighed in on CTB shares. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. B. Riley reaffirmed a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. Longbow Research started coverage on shares of Cooper Tire & Rubber in a research note on Wednesday, January 31st. They set a “buy” rating and a $50.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Cooper Tire & Rubber from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Cooper Tire & Rubber currently has a consensus rating of “Hold” and a consensus price target of $43.63.
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Cooper Tire & Rubber Company Profile
Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.
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