LSV Asset Management Has $48.83 Million Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

LSV Asset Management trimmed its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,425,130 shares of the company's stock after selling 312,200 shares during the quarter. LSV Asset Management owned 1.90% of Goodyear Tire & Rubber worth $48,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in Goodyear Tire & Rubber by 251.8% in the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company's stock worth $40,000 after purchasing an additional 3,059 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Goodyear Tire & Rubber in the third quarter worth about $45,000. Signaturefd LLC lifted its position in shares of Goodyear Tire & Rubber by 61.2% during the 4th quarter. Signaturefd LLC now owns 5,259 shares of the company's stock worth $47,000 after purchasing an additional 1,997 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Goodyear Tire & Rubber during the 4th quarter valued at approximately $54,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Goodyear Tire & Rubber in the 4th quarter valued at approximately $79,000. Institutional investors and hedge funds own 84.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a report on Tuesday, February 18th. 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 target for the company. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Finally, 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. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.78.

Goodyear Tire & Rubber Price Performance

NASDAQ:GT traded down $0.01 during mid-day trading on Thursday, hitting $9.65. The company's stock had a trading volume of 1,654,326 shares, compared to its average volume of 5,012,210. 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 fifty day moving average of $9.29 and a 200-day moving average of $9.17. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 40.22 and a beta of 1.49. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $13.26.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. As a group, equities analysts forecast that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

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.