Siemens Fonds Invest GmbH Purchases 38,170 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Siemens Fonds Invest GmbH grew its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 282.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,688 shares of the company's stock after purchasing an additional 38,170 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Goodyear Tire & Rubber were worth $465,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in Goodyear Tire & Rubber by 10.3% during the fourth quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock valued at $86,871,000 after acquiring an additional 897,463 shares during the period. Victory Capital Management Inc. lifted its stake in Goodyear Tire & Rubber by 8.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,147,744 shares of the company's stock worth $46,330,000 after purchasing an additional 396,230 shares during the period. Norges Bank acquired a new stake in shares of Goodyear Tire & Rubber during the fourth quarter worth approximately $39,626,000. Northern Trust Corp increased its holdings in shares of Goodyear Tire & Rubber by 17.0% during the fourth quarter. Northern Trust Corp now owns 3,941,378 shares of the company's stock worth $35,472,000 after buying an additional 573,541 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Goodyear Tire & Rubber by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,738,619 shares of the company's stock valued at $33,648,000 after purchasing an additional 205,629 shares in the last quarter. Institutional investors own 84.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GT shares. StockNews.com cut shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Saturday, May 10th. TD Cowen assumed coverage on shares of Goodyear Tire & Rubber in a research note on Friday, March 7th. They issued a "buy" rating and a $14.00 price target on the stock. Argus upgraded shares of 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, Deutsche Bank Aktiengesellschaft upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price target on the stock in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Goodyear Tire & Rubber currently has an average rating of "Moderate Buy" and an average target price of $13.25.

Goodyear Tire & Rubber Stock Up 2.4%

Shares of NASDAQ:GT traded up $0.26 during midday trading on Tuesday, hitting $10.90. 4,866,869 shares of the company's stock were exchanged, compared to its average volume of 5,251,049. 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 50 day moving average price of $9.99 and a 200-day moving average price of $9.56. The company has a market cap of $3.11 billion, a PE ratio of 45.42 and a beta of 1.42. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $12.62.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the prior year, the firm earned $0.10 EPS. The company's revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

Goodyear Tire & Rubber Company 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.