Segall Bryant & Hamill LLC Trims Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Segall Bryant & Hamill LLC lowered its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,900,892 shares of the company's stock after selling 106,821 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.37% of Goodyear Tire & Rubber worth $36,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its holdings in Goodyear Tire & Rubber by 3.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 28,766 shares of the company's stock worth $266,000 after acquiring an additional 932 shares in the last quarter. Barnett & Company Inc. grew its holdings in Goodyear Tire & Rubber by 1.4% during the 4th quarter. Barnett & Company Inc. now owns 95,700 shares of the company's stock worth $861,000 after acquiring an additional 1,300 shares in the last quarter. Harbour Investments Inc. grew its holdings in Goodyear Tire & Rubber by 19.0% during the 4th quarter. Harbour Investments Inc. now owns 8,754 shares of the company's stock worth $79,000 after acquiring an additional 1,399 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Goodyear Tire & Rubber by 15.1% during the 4th quarter. Baird Financial Group Inc. now owns 12,296 shares of the company's stock worth $111,000 after acquiring an additional 1,617 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in Goodyear Tire & Rubber by 2.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 73,318 shares of the company's stock worth $677,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. restated an "overweight" rating and set a $17.00 price objective (down previously from $18.00) on shares of Goodyear Tire & Rubber in a research report on Thursday, May 22nd. BNP Paribas Exane upgraded shares of Goodyear Tire & Rubber from a "neutral" rating to an "outperform" rating and set a $15.00 price objective for the company in a research report on Monday, June 9th. Wall Street Zen downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Saturday, May 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Goodyear Tire & Rubber has a consensus rating of "Buy" and a consensus price target of $14.20.

Goodyear Tire & Rubber Stock Performance

Goodyear Tire & Rubber stock traded down $0.24 during trading hours on Friday, reaching $10.67. 4,939,517 shares of the stock were exchanged, compared to its average volume of 5,856,393. The stock has a market cap of $3.05 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.34 and a beta of 1.35. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.64 and a current ratio of 1.22. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $12.31. The firm's 50 day moving average is $10.97 and its 200 day moving average is $9.97.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. Goodyear Tire & Rubber had a net margin of 1.30% and a return on equity of 5.31%. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.41 billion. During the same period in the prior year, the company posted $0.10 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. Analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal 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.