Sippican Capital Advisors acquired a new position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 93,585 shares of the company's stock, valued at approximately $842,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. KBC Group NV grew its holdings in shares of Goodyear Tire & Rubber by 3,912.0% during the 4th quarter. KBC Group NV now owns 316,186 shares of the company's stock worth $2,846,000 after purchasing an additional 308,305 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Goodyear Tire & Rubber during the fourth quarter worth $349,000. 180 Wealth Advisors LLC increased its holdings in Goodyear Tire & Rubber by 96.1% in the 4th quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company's stock valued at $217,000 after buying an additional 11,823 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Goodyear Tire & Rubber by 4.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company's stock valued at $306,000 after buying an additional 1,434 shares in the last quarter. Finally, Fidelity D & D Bancorp Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 3.2% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company's stock worth $283,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 84.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on GT shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $10.00 price target on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com cut Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Goodyear Tire & Rubber currently has an average rating of "Hold" and a consensus price target of $13.30.
Check Out Our Latest Stock Report on Goodyear Tire & Rubber
Goodyear Tire & Rubber Price Performance
GT stock traded down $0.21 during trading on Monday, hitting $8.67. 6,811,220 shares of the stock traded hands, compared to its average volume of 4,579,925. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -8.32 and a beta of 1.79. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $14.00. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The company has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $9.09.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.12. The company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.96 billion. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. Goodyear Tire & Rubber's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Equities analysts expect that The Goodyear Tire & Rubber Company will post 1.05 EPS for the current fiscal year.
About Goodyear Tire & Rubber
(
Free Report)
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.
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