Ironwood Investment Management LLC Has $791,000 Stock Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Ironwood Investment Management LLC lifted its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 49.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 87,900 shares of the company's stock after purchasing an additional 29,000 shares during the quarter. Ironwood Investment Management LLC's holdings in Goodyear Tire & Rubber were worth $791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GT. Victory Capital Management Inc. grew its position in shares of Goodyear Tire & Rubber by 3,921.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company's stock valued at $42,051,000 after purchasing an additional 4,633,368 shares during the period. KLCM Advisors Inc. lifted its stake in Goodyear Tire & Rubber by 59.4% in the 4th quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company's stock valued at $15,934,000 after acquiring an additional 659,635 shares in the last quarter. Barclays PLC lifted its stake in Goodyear Tire & Rubber by 158.6% in the 3rd quarter. Barclays PLC now owns 975,634 shares of the company's stock valued at $8,635,000 after acquiring an additional 598,330 shares in the last quarter. Cibc World Market Inc. lifted its stake in Goodyear Tire & Rubber by 72.1% in the 4th quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company's stock valued at $12,672,000 after acquiring an additional 589,782 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in Goodyear Tire & Rubber by 13.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company's stock valued at $36,301,000 after acquiring an additional 484,198 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

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Goodyear Tire & Rubber Stock Performance

Shares of GT stock traded up $0.11 during trading on Wednesday, reaching $9.04. 3,996,627 shares of the company's stock were exchanged, compared to its average volume of 4,521,595. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $2.58 billion, a PE ratio of 37.67 and a beta of 1.71. The Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $13.86. The firm's fifty day moving average price is $9.16 and its 200-day moving average price is $8.99.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share 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 analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. As a group, sell-side analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

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

Goodyear Tire & Rubber 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.