Segall Bryant & Hamill LLC Acquires 484,198 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Segall Bryant & Hamill LLC raised its position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,101,832 shares of the company's stock after buying an additional 484,198 shares during the period. Segall Bryant & Hamill LLC owned 1.44% of Goodyear Tire & Rubber worth $36,301,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC grew its stake in Goodyear Tire & Rubber by 41.6% in the 1st quarter. Tidal Investments LLC now owns 63,967 shares of the company's stock valued at $878,000 after buying an additional 18,790 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Goodyear Tire & Rubber by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,715,149 shares of the company's stock valued at $30,817,000 after buying an additional 71,410 shares in the last quarter. National Bank of Canada FI grew its stake in Goodyear Tire & Rubber by 2,944.7% in the 1st quarter. National Bank of Canada FI now owns 1,666,708 shares of the company's stock valued at $21,600,000 after buying an additional 1,611,966 shares in the last quarter. Edgestream Partners L.P. grew its stake in Goodyear Tire & Rubber by 1,011.8% in the 2nd quarter. Edgestream Partners L.P. now owns 634,077 shares of the company's stock valued at $7,197,000 after buying an additional 577,045 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Goodyear Tire & Rubber by 132.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 224,158 shares of the company's stock valued at $3,077,000 after buying an additional 127,610 shares in the last quarter. Institutional investors own 84.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GT. StockNews.com lowered shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Wolfe Research cut shares of Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th.

Goodyear Tire & Rubber Stock Down 2.3 %

Shares of GT traded down $0.21 on Wednesday, reaching $8.91. The stock had a trading volume of 1,672,795 shares, compared to its average volume of 4,282,066. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -8.77 and a beta of 1.69. The company has a 50-day simple moving average of $8.56 and a 200-day simple moving average of $10.01. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $15.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. Sell-side analysts predict that The Goodyear Tire & Rubber Company will post 1.08 EPS for the current year.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.