Strategic Blueprint LLC Sells 1,895 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Strategic Blueprint LLC reduced its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,039 shares of the company’s stock after selling 1,895 shares during the quarter. Strategic Blueprint LLC’s holdings in Goodyear Tire & Rubber were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GT. KBC Group NV boosted its holdings in Goodyear Tire & Rubber by 3,912.0% during the fourth quarter. KBC Group NV now owns 316,186 shares of the company’s stock valued at $2,846,000 after purchasing an additional 308,305 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth approximately $349,000. 180 Wealth Advisors LLC boosted its stake in Goodyear Tire & Rubber by 96.1% in the 4th quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company’s stock valued at $217,000 after buying an additional 11,823 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Goodyear Tire & Rubber by 4.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company’s stock valued at $306,000 after acquiring an additional 1,434 shares during the period. Finally, Fidelity D & D Bancorp Inc. raised its stake in Goodyear Tire & Rubber by 3.2% during the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock worth $283,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Down 3.9 %

Shares of NASDAQ GT opened at $8.87 on Monday. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $14.44. The firm’s 50-day simple moving average is $9.41 and its 200 day simple moving average is $9.09. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -8.53 and a beta of 1.80.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter last year, the business posted $0.36 earnings per share. Goodyear Tire & Rubber’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, research analysts expect that The Goodyear Tire & Rubber Company will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GT has been the topic of several analyst reports. StockNews.com lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 price objective on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.30.

Goodyear Tire & Rubber Company Profile

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.