The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,796,936 shares of the company's stock after selling 935,193 shares during the quarter. Dimensional Fund Advisors LP owned 5.19% of Goodyear Tire & Rubber worth $133,169,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Goodyear Tire & Rubber during the 4th quarter valued at about $39,626,000. American Century Companies Inc. lifted its position in shares of Goodyear Tire & Rubber by 10.3% in the 4th quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock worth $86,871,000 after purchasing an additional 897,463 shares during the period. KLCM Advisors Inc. boosted its stake in shares of Goodyear Tire & Rubber by 59.4% during the 4th quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company's stock valued at $15,934,000 after purchasing an additional 659,635 shares in the last quarter. Marshall Wace LLP raised its position in shares of Goodyear Tire & Rubber by 883.9% in the 4th quarter. Marshall Wace LLP now owns 716,414 shares of the company's stock worth $6,448,000 after acquiring an additional 643,597 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Goodyear Tire & Rubber by 158.6% during the third quarter. Barclays PLC now owns 975,634 shares of the company's stock valued at $8,635,000 after purchasing an additional 598,330 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen began coverage on shares of Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a "buy" rating and a $14.00 price target for the company. StockNews.com cut shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a 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 for the company in a research note on Tuesday, February 18th. 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Goodyear Tire & Rubber has a consensus rating of "Moderate Buy" and an average price target of $13.78.

Goodyear Tire & Rubber Price Performance

Goodyear Tire & Rubber stock traded down $0.15 during mid-day trading on Thursday, reaching $10.74. 1,022,444 shares of the company's stock traded hands, compared to its average volume of 5,094,547. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $13.26. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 44.98 and a beta of 1.49. The stock has a 50 day moving average of $9.53 and a two-hundred day moving average of $9.30. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released 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 net margin of 0.37% and a return on equity of 6.21%. The firm had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $4.91 billion. Equities analysts forecast 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.