Peak6 LLC Invests $290,000 in The Goodyear Tire & Rubber Company (NASDAQ:GT)

PEAK6 LLC purchased a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,169 shares of the company's stock, valued at approximately $290,000.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC acquired a new position in Goodyear Tire & Rubber during the third quarter worth about $253,000. 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 purchasing an additional 598,330 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Goodyear Tire & Rubber in the 3rd quarter valued at approximately $45,000. Franklin Resources Inc. boosted its position in Goodyear Tire & Rubber by 11.0% in the third quarter. Franklin Resources Inc. now owns 135,131 shares of the company's stock valued at $1,139,000 after buying an additional 13,349 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Goodyear Tire & Rubber by 4.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company's stock worth $306,000 after buying an additional 1,434 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 target price on the stock in a report on Monday, March 31st. Argus raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, TD Cowen started coverage on shares of Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a "buy" rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Goodyear Tire & Rubber presently has a consensus rating of "Moderate Buy" and an average target price of $13.78.

Goodyear Tire & Rubber Stock Down 0.2 %

NASDAQ GT traded down $0.02 on Friday, hitting $10.94. 4,100,302 shares of the company were exchanged, compared to its average volume of 5,079,700. 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 company has a market cap of $3.12 billion, a PE ratio of 45.59 and a beta of 1.49. The stock has a fifty day moving average of $9.48 and a 200-day moving average of $9.24. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month 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 during 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 forecast that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current 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.