Russell Investments Group Ltd. Has $2.99 Million Stock Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Russell Investments Group Ltd. raised its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 20.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,902 shares of the company's stock after purchasing an additional 57,028 shares during the period. Russell Investments Group Ltd. owned 0.12% of Goodyear Tire & Rubber worth $2,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Goodyear Tire & Rubber during the 4th quarter valued at about $39,626,000. Truist Financial Corp increased its stake in shares of Goodyear Tire & Rubber by 5.2% during 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 period. Barclays PLC increased its stake in shares of Goodyear Tire & Rubber by 158.6% during the third 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 during the period. Franklin Resources Inc. raised its holdings in Goodyear Tire & Rubber by 65.9% during the fourth quarter. Franklin Resources Inc. now owns 224,124 shares of the company's stock worth $2,017,000 after purchasing an additional 88,993 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Goodyear Tire & Rubber by 1.2% in the third 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 during the period. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Trading Up 4.2 %

Shares of NASDAQ:GT traded up $0.42 during midday trading on Tuesday, reaching $10.35. The company had a trading volume of 2,365,003 shares, compared to its average volume of 5,034,595. The company has a fifty day simple moving average of $9.38 and a two-hundred day simple moving average of $9.20. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 43.19 and a beta of 1.49. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $13.26. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04.

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 analysts' consensus estimates of $0.29 by $0.10. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. Research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GT shares. TD Cowen started coverage on 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. Argus raised 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. Deutsche Bank Aktiengesellschaft raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price target for the company in a report on Monday, March 31st. Finally, StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Two research 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. According to MarketBeat, Goodyear Tire & Rubber currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.78.

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.