The Goodyear Tire & Rubber Company $GT Shares Sold by CSM Advisors LLC

Key Points

• CSM Advisors LLC cut its stake in Goodyear by 51.7% in Q3, selling 390,599 shares and leaving 365,090 shares worth about $2.73 million.
• In the latest quarter Goodyear reported EPS of $0.39 (missing the $0.45 consensus) while revenue of $4.92 billion topped estimates, but the company still posted a negative net margin (-9.41%) and revenue down 0.6% year‑over‑year.
• Analyst sentiment is mixed with a consensus rating of Hold and a consensus price target of $10.30 (2 Buys, 4 Holds, 2 Sells), including recent target moves by Morgan Stanley and Citigroup.

CSM Advisors LLC cut its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 51.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 365,090 shares of the company's stock after selling 390,599 shares during the quarter. CSM Advisors LLC owned approximately 0.13% of Goodyear Tire & Rubber worth $2,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. raised its position in shares of Goodyear Tire & Rubber by 384.8% in the third quarter. Hantz Financial Services Inc. now owns 5,289 shares of the company's stock worth $40,000 after acquiring an additional 4,198 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Goodyear Tire & Rubber in the third quarter valued at approximately $47,000. Bayforest Capital Ltd acquired a new position in shares of Goodyear Tire & Rubber during the 3rd quarter worth approximately $65,000. Allworth Financial LP lifted its position in shares of Goodyear Tire & Rubber by 67.9% during the 2nd quarter. Allworth Financial LP now owns 7,433 shares of the company's stock valued at $77,000 after buying an additional 3,007 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Goodyear Tire & Rubber in the 3rd quarter valued at $78,000. Institutional investors and hedge funds own 84.19% of the company's stock.

Wall Street Analyst Weigh In

GT has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of Goodyear Tire & Rubber from $6.88 to $7.30 and gave the company an "underweight" rating in a research report on Friday, November 28th. Citigroup boosted their price objective on Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. Zacks Research downgraded Goodyear Tire & Rubber from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Goodyear Tire & Rubber in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Goodyear Tire & Rubber presently has an average rating of "Hold" and a consensus price target of $10.30.

Goodyear Tire & Rubber Stock Down 0.6%

GT stock opened at $6.74 on Tuesday. The Goodyear Tire & Rubber Company has a one year low of $6.51 and a one year high of $12.03. The firm has a market cap of $1.93 billion, a PE ratio of -1.13, a PEG ratio of 0.29 and a beta of 1.12. The firm's 50 day moving average price is $8.88 and its 200-day moving average price is $8.34. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.54 and a current ratio of 1.06.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its earnings results on Monday, February 9th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.85 billion. Goodyear Tire & Rubber had a positive return on equity of 3.21% and a negative net margin of 9.41%.Goodyear Tire & Rubber's revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Goodyear Tire & Rubber Profile

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear's core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.

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