Kennedy Capital Management LLC Raises Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Kennedy Capital Management LLC raised its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 622,611 shares of the company's stock after purchasing an additional 61,089 shares during the period. Kennedy Capital Management LLC owned 0.22% of Goodyear Tire & Rubber worth $5,603,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Goodyear Tire & Rubber by 10.3% during the 4th quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock worth $86,871,000 after purchasing an additional 897,463 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Goodyear Tire & Rubber by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company's stock worth $62,438,000 after purchasing an additional 86,227 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Goodyear Tire & Rubber by 8.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,147,744 shares of the company's stock valued at $46,330,000 after buying an additional 396,230 shares in the last quarter. Norges Bank bought a new stake in shares of Goodyear Tire & Rubber during the fourth quarter worth $39,626,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Goodyear Tire & Rubber by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,738,619 shares of the company's stock worth $33,648,000 after buying an additional 205,629 shares during the last quarter. Institutional investors own 84.19% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GT shares. StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Argus raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 target price for the company in a research note on Monday, March 31st. Finally, TD Cowen started coverage on shares of Goodyear Tire & Rubber in a report on Friday, March 7th. They issued a "buy" rating and a $14.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.78.

Goodyear Tire & Rubber Stock Up 0.4 %

GT traded up $0.04 during midday trading on Thursday, reaching $9.69. 1,769,163 shares of the company were exchanged, compared to its average volume of 5,012,752. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04. The company's fifty day moving average price is $9.29 and its 200 day moving average price is $9.17. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $13.26. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 40.41 and a beta of 1.49.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate 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, analysts expect that The Goodyear Tire & Rubber Company will post 1.5 EPS 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.