BNP Paribas Financial Markets Buys 467,107 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

BNP Paribas Financial Markets boosted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 221.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 678,452 shares of the company's stock after buying an additional 467,107 shares during the period. BNP Paribas Financial Markets owned about 0.24% of Goodyear Tire & Rubber worth $6,004,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GT. Tidal Investments LLC boosted its stake in shares of Goodyear Tire & Rubber by 41.6% in the 1st quarter. Tidal Investments LLC now owns 63,967 shares of the company's stock valued at $878,000 after purchasing an additional 18,790 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Goodyear Tire & Rubber by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,715,149 shares of the company's stock valued at $30,817,000 after purchasing an additional 71,410 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of Goodyear Tire & Rubber by 1,011.8% in the 2nd quarter. Edgestream Partners L.P. now owns 634,077 shares of the company's stock valued at $7,197,000 after purchasing an additional 577,045 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Goodyear Tire & Rubber by 1,843.6% in the 3rd quarter. SG Americas Securities LLC now owns 474,980 shares of the company's stock valued at $4,204,000 after purchasing an additional 450,542 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Goodyear Tire & Rubber by 196.8% during the 2nd quarter. Hsbc Holdings PLC now owns 335,967 shares of the company's stock worth $3,768,000 after buying an additional 222,767 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Price Performance

NASDAQ GT traded up $0.01 on Wednesday, hitting $10.75. 1,444,072 shares of the company were exchanged, compared to its average volume of 4,309,294. The company has a market cap of $3.06 billion, a P/E ratio of -10.21 and a beta of 1.77. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $15.24. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average of $9.00 and a two-hundred day moving average of $9.83.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The firm had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. On average, equities analysts predict that The Goodyear Tire & Rubber Company will post 1.09 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on GT shares. Wolfe Research downgraded shares of Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th. StockNews.com downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.