First Eagle Investment Management LLC lifted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,122,972 shares of the company's stock after purchasing an additional 71,600 shares during the quarter. First Eagle Investment Management LLC owned about 0.39% of Goodyear Tire & Rubber worth $10,107,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Fidelity D & D Bancorp Inc. boosted its holdings in Goodyear Tire & Rubber by 3.2% in the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company's stock valued at $283,000 after acquiring an additional 1,000 shares during the last quarter. Truist Financial Corp boosted its holdings in Goodyear Tire & Rubber by 5.2% in the fourth quarter. Truist Financial Corp now owns 22,753 shares of the company's stock valued at $205,000 after acquiring an additional 1,115 shares during the last quarter. Amalgamated Bank boosted its holdings in Goodyear Tire & Rubber by 0.9% in the fourth quarter. Amalgamated Bank now owns 127,390 shares of the company's stock valued at $1,147,000 after acquiring an additional 1,156 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Goodyear Tire & Rubber by 11.3% in the fourth quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company's stock valued at $110,000 after acquiring an additional 1,209 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Goodyear Tire & Rubber by 4.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company's stock valued at $306,000 after acquiring an additional 1,434 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.
Goodyear Tire & Rubber Stock Up 1.2 %
Goodyear Tire & Rubber stock traded up $0.11 during midday trading on Wednesday, hitting $9.04. The stock had a trading volume of 3,996,627 shares, compared to its average volume of 4,521,595. 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 stock has a market cap of $2.58 billion, a P/E ratio of 37.67 and a beta of 1.71. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $13.86. The business has a fifty day moving average price of $9.16 and a 200 day moving average price of $8.99.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. Research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.
Analyst Upgrades and Downgrades
GT has been the topic of a number of research analyst reports. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a report on Tuesday, February 18th. TD Cowen assumed coverage on Goodyear Tire & Rubber in a research report on Friday, March 7th. They issued a "buy" rating and a $14.00 price objective 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 report on Friday, December 20th. Finally, StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Three 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.18.
Read Our Latest Research Report on Goodyear Tire & Rubber
Goodyear Tire & Rubber Profile
(
Free Report)
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.
Further Reading
Before you consider Goodyear Tire & Rubber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Goodyear Tire & Rubber wasn't on the list.
While Goodyear Tire & Rubber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
