Barclays PLC Has $6.80 Million Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Barclays PLC lessened its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 755,716 shares of the company's stock after selling 219,918 shares during the period. Barclays PLC owned about 0.27% of Goodyear Tire & Rubber worth $6,802,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Goodyear Tire & Rubber in the 3rd quarter valued at approximately $45,000. Franklin Resources Inc. increased its position in Goodyear Tire & Rubber by 11.0% in the 3rd quarter. Franklin Resources Inc. now owns 135,131 shares of the company's stock valued at $1,139,000 after acquiring an additional 13,349 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Goodyear Tire & Rubber by 4.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company's stock valued at $306,000 after acquiring an additional 1,434 shares during the period. 180 Wealth Advisors LLC increased its position in Goodyear Tire & Rubber by 96.1% in the 4th quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company's stock valued at $217,000 after acquiring an additional 11,823 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Goodyear Tire & Rubber in the 4th quarter valued at approximately $349,000. Institutional investors own 84.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com cut Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Tuesday, February 18th. TD Cowen initiated coverage on Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a "buy" rating and a $14.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 target price on the stock in a report on Monday, March 31st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.78.

Goodyear Tire & Rubber Stock Down 1.1 %

Shares of GT traded down $0.12 during trading hours on Wednesday, reaching $10.88. The company's stock had a trading volume of 4,186,214 shares, compared to its average volume of 5,109,906. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 45.34 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 has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average of $9.53 and a two-hundred day moving average of $9.30.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. As a group, research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

Goodyear Tire & Rubber Profile

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.