The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lessened its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,218 shares of the company’s stock after selling 2,795 shares during the period. Financial Counselors Inc.’s holdings in Goodyear Tire & Rubber were worth $326,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Century Companies Inc. increased its position in shares of Goodyear Tire & Rubber by 10.3% in the fourth quarter. American Century Companies Inc. now owns 9,652,329 shares of the company’s stock worth $86,871,000 after acquiring an additional 897,463 shares in the last quarter. KLCM Advisors Inc. boosted its stake in Goodyear Tire & Rubber by 59.4% in the 4th quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company’s stock worth $15,934,000 after purchasing an additional 659,635 shares during the period. Barclays PLC grew its position in Goodyear Tire & Rubber by 158.6% during the 3rd quarter. Barclays PLC now owns 975,634 shares of the company’s stock worth $8,635,000 after purchasing an additional 598,330 shares in the last quarter. Cibc World Market Inc. raised its stake in Goodyear Tire & Rubber by 72.1% during the 4th quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company’s stock valued at $12,672,000 after purchasing an additional 589,782 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Goodyear Tire & Rubber by 221.0% in the third quarter. BNP Paribas Financial Markets now owns 678,452 shares of the company’s stock valued at $6,004,000 after purchasing an additional 467,107 shares in the last quarter. 84.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on GT shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $10.00 price target on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. TD Cowen initiated coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They issued a “buy” rating and a $14.00 target price on the stock. Argus upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.18.

Goodyear Tire & Rubber Trading Down 3.5 %

NASDAQ:GT opened at $8.79 on Friday. The company has a market capitalization of $2.51 billion, a P/E ratio of 36.63 and a beta of 1.71. The stock’s 50 day moving average price is $9.19 and its 200 day moving average price is $9.04. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $13.78.

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

About Goodyear Tire & Rubber

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.