8,743 Shares in The Goodyear Tire & Rubber Company (NASDAQ:GT) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in The Goodyear Tire & Rubber Company (NASDAQ:GT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,743 shares of the company’s stock, valued at approximately $79,000.

Other large investors also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its position in shares of Goodyear Tire & Rubber by 5.2% during the 4th quarter. Truist Financial Corp now owns 22,753 shares of the company’s stock valued at $205,000 after acquiring an additional 1,115 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Goodyear Tire & Rubber by 11.3% during the 4th quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company’s stock valued at $110,000 after acquiring an additional 1,209 shares during the last quarter. KLCM Advisors Inc. boosted its position in shares of Goodyear Tire & Rubber by 59.4% during the 4th quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company’s stock valued at $15,934,000 after acquiring an additional 659,635 shares during the last quarter. Allworth Financial LP boosted its position 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 valued at $40,000 after acquiring an additional 3,059 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Goodyear Tire & Rubber by 1.3% during the 4th quarter. Rhumbline Advisers now owns 975,955 shares of the company’s stock valued at $8,784,000 after acquiring an additional 12,359 shares during the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GT shares. StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 price target on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Finally, Argus upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Goodyear Tire & Rubber has an average rating of “Moderate Buy” and a consensus price target of $12.98.

Goodyear Tire & Rubber Stock Up 2.8 %

Shares of GT opened at $10.63 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The business has a fifty day moving average of $9.03 and a 200 day moving average of $8.87. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $13.86. The company has a market cap of $3.03 billion, a PE ratio of 44.29 and a beta of 1.79.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.91 billion. On average, sell-side analysts expect that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

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.