The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,652,329 shares of the company's stock after acquiring an additional 897,463 shares during the quarter. American Century Companies Inc. owned about 3.39% of Goodyear Tire & Rubber worth $86,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GT. Allworth Financial LP lifted its stake in shares of Goodyear Tire & Rubber by 251.8% in the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company's stock valued at $40,000 after purchasing an additional 3,059 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Goodyear Tire & Rubber during the third quarter worth $45,000. Signaturefd LLC increased its position in Goodyear Tire & Rubber by 61.2% during the fourth quarter. Signaturefd LLC now owns 5,259 shares of the company's stock valued at $47,000 after acquiring an additional 1,997 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Goodyear Tire & Rubber in the fourth quarter valued at $54,000. Finally, Private Trust Co. NA boosted its stake in shares of Goodyear Tire & Rubber by 110.4% during the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company's stock worth $62,000 after purchasing an additional 3,700 shares during the period. 84.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. StockNews.com upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Argus raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a research note on Tuesday, February 18th. Finally, TD Cowen began coverage on shares of Goodyear Tire & Rubber in a report on Friday, March 7th. They set a "buy" rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.18.

Goodyear Tire & Rubber Stock Down 3.5 %

Shares of GT traded down $0.32 during mid-day trading on Friday, hitting $8.79. The company's stock had a trading volume of 4,684,851 shares, compared to its average volume of 4,670,211. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 36.63 and a beta of 1.71. The company's 50-day moving average is $9.19 and its 200-day moving average is $9.04. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $13.78.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. On average, equities research analysts forecast 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.