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The Goodyear Tire & Rubber Company (NASDAQ:GT)

14 Juin 2017

The institutional investor held 687,642 shares of the automotive aftermarket company at the end of 2016Q4, valued at $21.23M, up from 581,987 at the end of the previous reported quarter. Jefferies initiated Goodyear Tire & Rubber Co (NASDAQ:GT) on Tuesday, November 29 with "Buy" rating. Tarbox Group owns 0.01% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 385 shares. Regentatlantic Capital Llc sold 14,250 shares as the company's stock declined 15.57% while stock markets rallied. Manufacturers Life Ins The owns 0.01% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 283,480 shares. McClellan Stephen R sold $220,766 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) on Tuesday, May 9. Massachusetts Financial Services Co. The Moon Capital Management Lp holds 629,946 shares with $19.45 million value, up from 546,003 last quarter. Institutional investors and hedge funds own 91.58% of the company's stock. Standpoint Research lowered shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating in a research note on Wednesday, March 1st.

Several equities analysts recently issued reports on CTB shares. Deroy & Devereaux Private Investment Counsel Inc who had been investing in Goodyear Tire & Rubber Co for a number of months, seems to be bullish on the $8.99B market cap company. Jefferies downgraded Goodyear Tire & Rubber Co (NASDAQ:GT) on Friday, February 24 to "Hold" rating. $34.13's average target is -4.13% below currents $35.6 stock price. Commerzbank Aktiengesellschaft Fi has invested 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.11. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. Cooper Tire & Rubber Company had a return on equity of 20.38% and a net margin of 7.54%. The company's revenue for the quarter was down 1.0% on a year-over-year basis.

The company also recently announced a dividend for shareholders paid on Thursday the 1st of June 2017.

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Since February 14, 2017, it had 0 insider buys, and 4 sales for $1.51 million activity. The stock's quarterly performance indicates a Negative momentum of -0.14 percent, whereas its last one month trend is Optimistic with 1.25 percent. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since June 13, 2016 and is uptrending. Goodyear Tire had 12 analyst reports since October 28, 2015 according to SRatingsIntel. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of USA & global trademark and copyright legislation. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/06/13/brokerages-set-cooper-tire-rubber-co-ctb-price-target-at-40-40-updated-updated.html. It increased, as 53 investors sold GT shares while 163 reduced holdings. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has "Overweight" rating given on Thursday, April 7 by KeyBanc Capital Markets. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has "Buy" rating given on Tuesday, November 10 by Argus Research. Barrow Hanley Mewhinney Strauss Limited Liability Corp accumulated 38.81 million shares. J P Morgan Chase & Co upgraded shares of Cooper Tire & Rubber Company from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $47.00 to $51.00 in a research note on Tuesday, March 14th. They noted that the move was a valuation call. Standpoint Research downgraded the stock to "Hold" rating in Wednesday, October 28 report. Mcclellan sold 6,250 shares at an average price of $35.25 on Monday the 10th. Massachusetts Financial Services Company bought 1.71 million shares as the company's stock rose 10.69% with the market. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Following the sale, the senior vice president now owns 63,852 shares of the company's stock, valued at approximately $2,355,500.28. The disclosure for this sale can be found here. BlackRock Inc. now owns 5,771,600 shares of the company's stock worth $255,971,000 after buying an additional 5,756,018 shares during the last quarter.

There are plenty of skeptics across Wall Street, too, which may explain why there's nearly no growth priced into the stock at the moment, illustrated by its price-to-earnings ratio of just 7.49 - one of the lowest in the S&P 500 Index (SPX). The Company operates through four segments: North America, Latin America, Europe, and Asia. In certain geographic areas it also retreads truck, aviation and off-the-road (OTR) tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products, and provides automotive and commercial fix services and miscellaneous other products and services.