The Goodyear Tire & Rubber Company $GT Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,075,147 shares of the company’s stock after selling 101,480 shares during the quarter. LSV Asset Management owned about 1.78% of Goodyear Tire & Rubber worth $52,629,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GT. Envestnet Asset Management Inc. grew its stake in shares of Goodyear Tire & Rubber by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,021 shares of the company’s stock worth $177,000 after purchasing an additional 1,011 shares during the period. State of Michigan Retirement System grew its position in Goodyear Tire & Rubber by 1.9% during the second quarter. State of Michigan Retirement System now owns 68,726 shares of the company’s stock worth $713,000 after buying an additional 1,300 shares during the period. SummerHaven Investment Management LLC increased its holdings in Goodyear Tire & Rubber by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 74,711 shares of the company’s stock valued at $775,000 after buying an additional 1,393 shares in the last quarter. John G Ullman & Associates Inc. increased its holdings in Goodyear Tire & Rubber by 9.1% in the first quarter. John G Ullman & Associates Inc. now owns 18,000 shares of the company’s stock valued at $166,000 after buying an additional 1,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Goodyear Tire & Rubber by 5.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 30,303 shares of the company’s stock valued at $314,000 after acquiring an additional 1,537 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Down 1.7%

Shares of NASDAQ:GT opened at $7.43 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $2.13 billion, a P/E ratio of 5.23, a P/E/G ratio of 2.35 and a beta of 1.32. The Goodyear Tire & Rubber Company has a 52-week low of $6.51 and a 52-week high of $12.03. The stock’s fifty day simple moving average is $7.58 and its 200-day simple moving average is $9.34.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. Goodyear Tire & Rubber had a return on equity of 3.17% and a net margin of 2.22%.The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter last year, the business posted $0.37 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Goodyear Tire & Rubber from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Hsbc Global Res lowered Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. HSBC reaffirmed a “hold” rating and set a $9.50 price target (down previously from $15.50) on shares of Goodyear Tire & Rubber in a research note on Wednesday, August 20th. BNP Paribas cut shares of Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 8th. Finally, Zacks Research upgraded shares of Goodyear Tire & Rubber from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Goodyear Tire & Rubber currently has a consensus rating of “Hold” and an average target price of $11.36.

Goodyear Tire & Rubber 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.