John G Ullman & Associates Inc. Reduces Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

John G Ullman & Associates Inc. lowered its position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 74.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,500 shares of the company's stock after selling 48,800 shares during the period. John G Ullman & Associates Inc.'s holdings in Goodyear Tire & Rubber were worth $148,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GT. Fidelity D & D Bancorp Inc. raised its stake in Goodyear Tire & Rubber by 3.2% in 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 last quarter. Truist Financial Corp increased its holdings in shares of Goodyear Tire & Rubber by 5.2% in the fourth quarter. Truist Financial Corp now owns 22,753 shares of the company's stock valued at $205,000 after purchasing an additional 1,115 shares during the period. Amalgamated Bank raised its stake in shares of Goodyear Tire & Rubber by 0.9% in the fourth quarter. Amalgamated Bank now owns 127,390 shares of the company's stock worth $1,147,000 after purchasing an additional 1,156 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Goodyear Tire & Rubber by 11.3% during the fourth quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company's stock worth $110,000 after purchasing an additional 1,209 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its position in Goodyear Tire & Rubber by 4.2% in the third 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 during the last quarter. Institutional investors own 84.19% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Finally, 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 research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Goodyear Tire & Rubber presently has a consensus rating of "Moderate Buy" and an average price target of $12.98.

Goodyear Tire & Rubber Price Performance

GT stock traded down $0.61 during mid-day trading on Monday, reaching $8.84. 6,277,941 shares of the company's stock were exchanged, compared to its average volume of 5,660,468. 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 Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $13.86. The stock's 50 day moving average is $9.10 and its 200 day moving average is $8.96. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 36.83 and a beta of 1.79.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. On average, research analysts expect that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current 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.