Aviso Wealth Management Trims Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Aviso Wealth Management reduced its position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 80.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,200 shares of the company's stock after selling 57,553 shares during the quarter. Aviso Wealth Management's holdings in Goodyear Tire & Rubber were worth $128,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Goodyear Tire & Rubber during the third quarter valued at $545,000. Intech Investment Management LLC increased its holdings in shares of Goodyear Tire & Rubber by 190.4% in the 3rd quarter. Intech Investment Management LLC now owns 108,621 shares of the company's stock worth $961,000 after buying an additional 71,217 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Goodyear Tire & Rubber by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,532,990 shares of the company's stock valued at $31,267,000 after buying an additional 252,960 shares in the last quarter. Citigroup Inc. raised its position in shares of Goodyear Tire & Rubber by 66.7% during the 3rd quarter. Citigroup Inc. now owns 491,990 shares of the company's stock valued at $4,354,000 after buying an additional 196,788 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Goodyear Tire & Rubber during the 3rd quarter worth $122,000. 84.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on GT shares. Argus raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a research note on Tuesday, February 18th. StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday, February 17th. TD Cowen began coverage on Goodyear Tire & Rubber in a research report on Friday, March 7th. They issued a "buy" rating and a $14.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $10.00 price target on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.18.

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Goodyear Tire & Rubber Trading Down 3.5 %

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

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. The business had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. On average, equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current 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.