Gamco Investors INC. ET AL Sells 5,000 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Gamco Investors INC. ET AL lowered its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,900 shares of the company’s stock after selling 5,000 shares during the period. Gamco Investors INC. ET AL owned 0.08% of Goodyear Tire & Rubber worth $1,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GT. Allworth Financial LP lifted its stake in shares of Goodyear Tire & Rubber by 251.8% in the fourth quarter. Allworth Financial LP now owns 4,274 shares of the company’s stock worth $40,000 after buying an additional 3,059 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Goodyear Tire & Rubber in the 3rd quarter valued at approximately $45,000. Signaturefd LLC boosted its stake in Goodyear Tire & Rubber by 61.2% during the 4th quarter. Signaturefd LLC now owns 5,259 shares of the company’s stock valued at $47,000 after purchasing an additional 1,997 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Goodyear Tire & Rubber in the 4th quarter worth $54,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Goodyear Tire & Rubber in the fourth quarter worth $79,000. Institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on GT shares. TD Cowen assumed coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They issued a “buy” rating and a $14.00 price objective for the company. 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 research note on Tuesday, February 18th. StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.78.

Goodyear Tire & Rubber Trading Up 1.0 %

Shares of Goodyear Tire & Rubber stock opened at $9.75 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 0.55. The stock has a market capitalization of $2.78 billion, a PE ratio of 40.63 and a beta of 1.49. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $13.26. The company’s fifty day simple moving average is $9.35 and its 200-day simple moving average is $9.18.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.91 billion. As a group, equities analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current 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.