Segall Bryant & Hamill LLC Sells 94,119 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Segall Bryant & Hamill LLC lessened its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,007,713 shares of the company's stock after selling 94,119 shares during the period. Segall Bryant & Hamill LLC owned 1.41% of Goodyear Tire & Rubber worth $36,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 10.3% in the 4th quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock worth $86,871,000 after purchasing an additional 897,463 shares in the last quarter. KLCM Advisors Inc. increased its position in shares of Goodyear Tire & Rubber by 59.4% during the fourth quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company's stock worth $15,934,000 after acquiring an additional 659,635 shares in the last quarter. Barclays PLC raised its holdings in shares of Goodyear Tire & Rubber by 158.6% in the 3rd quarter. Barclays PLC now owns 975,634 shares of the company's stock worth $8,635,000 after acquiring an additional 598,330 shares during the last quarter. Cibc World Market Inc. lifted its position in Goodyear Tire & Rubber by 72.1% in the 4th quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company's stock valued at $12,672,000 after acquiring an additional 589,782 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Goodyear Tire & Rubber by 221.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 678,452 shares of the company's stock valued at $6,004,000 after purchasing an additional 467,107 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GT shares. TD Cowen assumed coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They issued a "buy" rating and a $14.00 target price on the stock. StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Argus upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $10.00 price target on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Goodyear Tire & Rubber has an average rating of "Moderate Buy" and an average target price of $13.18.

Goodyear Tire & Rubber Stock Performance

Shares of Goodyear Tire & Rubber stock traded down $0.32 during trading hours on Friday, hitting $8.79. 4,684,851 shares of the company's stock traded hands, compared to its average volume of 4,670,211. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 0.55. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 36.63 and a beta of 1.71. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $13.78. The company has a fifty day simple moving average of $9.19 and a 200-day simple moving average of $9.05.

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 the consensus estimate of $0.29 by $0.10. The business had revenue of $4.95 billion for 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%. Equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

About Goodyear Tire & Rubber

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.