Aquatic Capital Management LLC purchased a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 48,191 shares of the company's stock, valued at approximately $434,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Goodyear Tire & Rubber by 251.8% in the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company's stock valued at $40,000 after buying an additional 3,059 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Goodyear Tire & Rubber in the 3rd quarter valued at approximately $45,000. Signaturefd LLC raised its position in Goodyear Tire & Rubber by 61.2% in the fourth 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 period. Newbridge Financial Services Group Inc. purchased a new position in shares of Goodyear Tire & Rubber during the fourth quarter worth $54,000. Finally, Transce3nd LLC purchased a new stake in shares of Goodyear Tire & Rubber in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 84.19% of the company's stock.
Goodyear Tire & Rubber Stock Up 0.3 %
GT stock traded up $0.03 during trading on Monday, hitting $11.04. 4,312,061 shares of the company's stock were exchanged, compared to its average volume of 5,112,552. The business has a 50-day moving average price of $9.61 and a two-hundred day moving average price of $9.37. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 46.00 and a beta of 1.42. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $13.26.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. As a group, equities research analysts expect that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on GT shares. StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price target for the company in a research report on Monday, March 31st. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 18th. Finally, TD Cowen started coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They set a "buy" rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.78.
View Our Latest Research Report on GT
Goodyear Tire & Rubber Profile
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Free Report)
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.
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