Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 585,439 The Goodyear Tire & Rubber Company (NASDAQ:GT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 585,439 shares of the company's stock, valued at approximately $5,269,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of Goodyear Tire & Rubber at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GT. Barclays PLC raised its holdings in shares of Goodyear Tire & Rubber by 158.6% in the third quarter. Barclays PLC now owns 975,634 shares of the company's stock valued at $8,635,000 after buying an additional 598,330 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Goodyear Tire & Rubber in the 4th quarter worth approximately $349,000. KBC Group NV grew its holdings in shares of Goodyear Tire & Rubber by 3,912.0% in the 4th quarter. KBC Group NV now owns 316,186 shares of the company's stock worth $2,846,000 after acquiring an additional 308,305 shares during the period. Cibc World Market Inc. grew its holdings in shares of Goodyear Tire & Rubber by 72.1% in the 4th quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company's stock worth $12,672,000 after acquiring an additional 589,782 shares during the period. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of Goodyear Tire & Rubber in the 4th quarter worth approximately $148,000. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Trading Down 0.6%

Shares of GT traded down $0.07 during trading hours on Friday, hitting $11.36. The stock had a trading volume of 5,132,866 shares, compared to its average volume of 5,383,105. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04. The firm has a market cap of $3.25 billion, a P/E ratio of 47.34 and a beta of 1.42. The company's fifty day simple moving average is $10.31 and its 200 day simple moving average is $9.66. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $12.58.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.41 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GT has been the topic of a number of analyst reports. Wall Street Zen cut Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Saturday, May 10th. TD Cowen initiated coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They set a "buy" rating and a $14.00 target price on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $17.00 target price (down previously from $18.00) on shares of Goodyear Tire & Rubber in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective on the stock in a report on Monday, March 31st. Finally, BNP Paribas upgraded Goodyear Tire & Rubber to a "hold" rating in a report on Saturday, May 24th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.00.

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.