The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,665 shares of the company’s stock after selling 3,764 shares during the period. Leeward Investments LLC MA owned approximately 0.16% of Goodyear Tire & Rubber worth $6,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP purchased a new stake in shares of Goodyear Tire & Rubber in the third quarter valued at approximately $125,650,000. American Century Companies Inc. boosted its stake in shares of Goodyear Tire & Rubber by 24.9% in the third quarter. American Century Companies Inc. now owns 4,774,601 shares of the company’s stock valued at $59,348,000 after buying an additional 953,047 shares in the last quarter. Electron Capital Partners LLC purchased a new stake in shares of Goodyear Tire & Rubber in the third quarter valued at approximately $51,031,000. Newport Trust Company LLC boosted its stake in shares of Goodyear Tire & Rubber by 1.2% in the third quarter. Newport Trust Company LLC now owns 3,490,557 shares of the company’s stock valued at $43,388,000 after buying an additional 41,563 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Goodyear Tire & Rubber by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,163,390 shares of the company’s stock worth $39,321,000 after purchasing an additional 83,881 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Goodyear Tire & Rubber presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

Goodyear Tire & Rubber Trading Up 0.9 %

NASDAQ GT traded up $0.10 during trading hours on Friday, hitting $11.84. 2,627,125 shares of the company’s stock were exchanged, compared to its average volume of 3,645,757. The business’s 50 day moving average is $12.52 and its 200-day moving average is $13.16. The Goodyear Tire & Rubber Company has a 12-month low of $10.12 and a 12-month high of $16.50. The firm has a market capitalization of $3.36 billion, a P/E ratio of -4.91 and a beta of 1.85. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.55 and a current ratio of 1.07.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.38 billion. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. As a group, analysts anticipate that The Goodyear Tire & Rubber Company will post 1.06 EPS for the current fiscal year.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.