Charles Schwab Investment Management Inc. Has $31.27 Million Stake in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Charles Schwab Investment Management Inc. grew its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,532,990 shares of the company's stock after purchasing an additional 252,960 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.24% of Goodyear Tire & Rubber worth $31,267,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GT. Texas Permanent School Fund Corp boosted its position in shares of Goodyear Tire & Rubber by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 249,633 shares of the company's stock worth $2,833,000 after buying an additional 1,475 shares during the period. Arizona State Retirement System lifted its position in Goodyear Tire & Rubber by 2.1% in the second quarter. Arizona State Retirement System now owns 79,547 shares of the company's stock worth $903,000 after purchasing an additional 1,621 shares during the period. State of Alaska Department of Revenue lifted its position in Goodyear Tire & Rubber by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 32,866 shares of the company's stock worth $290,000 after purchasing an additional 2,245 shares during the period. Commonwealth Equity Services LLC lifted its position in Goodyear Tire & Rubber by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 114,861 shares of the company's stock worth $1,304,000 after purchasing an additional 2,262 shares during the period. Finally, Family Firm Inc. acquired a new stake in Goodyear Tire & Rubber in the second quarter worth approximately $26,000. 84.19% of the stock is owned by institutional investors.

Goodyear Tire & Rubber Price Performance

Shares of NASDAQ:GT traded up $0.07 on Wednesday, reaching $10.81. 3,138,125 shares of the company traded hands, compared to its average volume of 4,316,945. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $15.24. The company's 50 day moving average is $9.00 and its 200-day moving average is $9.83. The stock has a market capitalization of $3.08 billion, a PE ratio of -10.21 and a beta of 1.77. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 0.65.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the business earned $0.36 EPS. The company's revenue was down 6.2% on a year-over-year basis. As a group, analysts anticipate that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GT has been the subject of a number of research analyst reports. Wolfe Research downgraded Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th.

Goodyear Tire & Rubber Company Profile

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.