The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,513 shares of the company’s stock after buying an additional 1,434 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Goodyear Tire & Rubber were worth $306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Goodyear Tire & Rubber during the second quarter worth about $26,000. Sound Income Strategies LLC lifted its stake in Goodyear Tire & Rubber by 2,122.5% during the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock worth $35,000 after purchasing an additional 3,778 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Goodyear Tire & Rubber during the third quarter worth approximately $45,000. MUFG Securities EMEA plc purchased a new stake in Goodyear Tire & Rubber during the second quarter worth approximately $57,000. Finally, Private Trust Co. NA lifted its stake in Goodyear Tire & Rubber by 110.4% during the third quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock worth $62,000 after purchasing an additional 3,700 shares during the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Goodyear Tire & Rubber Price Performance

Shares of NASDAQ GT opened at $8.62 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $14.97. The stock has a 50 day moving average of $9.32 and a two-hundred day moving average of $9.65. The stock has a market cap of $2.46 billion, a P/E ratio of -8.29 and a beta of 1.77.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts forecast that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research note on Friday. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Finally, StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.30.

Goodyear Tire & Rubber Profile

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.