Goodyear Tire & Rubber Co (GT) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in shares of Goodyear Tire & Rubber Co (NASDAQ:GT) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,217,026 shares of the company’s stock after selling 134,993 shares during the period. LSV Asset Management owned 4.81% of Goodyear Tire & Rubber worth $228,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GT. First Mercantile Trust Co. purchased a new position in shares of Goodyear Tire & Rubber during the 4th quarter valued at $35,000. Dupont Capital Management Corp grew its holdings in shares of Goodyear Tire & Rubber by 44.8% during the 4th quarter. Dupont Capital Management Corp now owns 4,313 shares of the company’s stock valued at $88,000 after acquiring an additional 1,335 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Goodyear Tire & Rubber by 35.7% during the 4th quarter. IFP Advisors Inc now owns 5,315 shares of the company’s stock valued at $108,000 after acquiring an additional 1,397 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Goodyear Tire & Rubber during the 4th quarter valued at $113,000. Finally, Columbia Asset Management purchased a new position in shares of Goodyear Tire & Rubber during the 3rd quarter valued at $195,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Goodyear Tire & Rubber stock opened at $18.19 on Monday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 7.84, a PEG ratio of -1.48 and a beta of 1.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 0.76. Goodyear Tire & Rubber Co has a fifty-two week low of $18.49 and a fifty-two week high of $31.79.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Friday, February 8th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.09). The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.04 billion. Goodyear Tire & Rubber had a return on equity of 11.24% and a net margin of 4.48%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. Equities analysts forecast that Goodyear Tire & Rubber Co will post 2.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 1st will be issued a dividend of $0.16 per share. This is an increase from Goodyear Tire & Rubber’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.52%. Goodyear Tire & Rubber’s payout ratio is presently 27.59%.

Several research firms recently issued reports on GT. Argus lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Monday. Longbow Research lowered shares of Goodyear Tire & Rubber from a “neutral” rating to an “underperform” rating in a research note on Monday. ValuEngine raised shares of Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Monday, January 21st. Zacks Investment Research lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, BidaskClub raised shares of Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Goodyear Tire & Rubber has an average rating of “Hold” and an average target price of $24.75.

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Goodyear Tire & Rubber Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

Further Reading: How can you know how many shares are floating?

Institutional Ownership by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

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