John G Ullman & Associates Inc. Has $148,000 Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

John G Ullman & Associates Inc. lowered its holdings 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 Form 13F filing with the SEC. The institutional investor owned 16,500 shares of the company's stock after selling 48,800 shares during the quarter. John G Ullman & Associates Inc.'s holdings in Goodyear Tire & Rubber were worth $148,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Goodyear Tire & Rubber by 251.8% in the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company's stock valued at $40,000 after purchasing an additional 3,059 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Goodyear Tire & Rubber during the third quarter worth approximately $45,000. Newbridge Financial Services Group Inc. bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth about $54,000. Private Trust Co. NA lifted its holdings in shares of Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company's stock worth $62,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Goodyear Tire & Rubber during the 4th quarter valued at $79,000. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Up 2.4 %

Goodyear Tire & Rubber stock traded up $0.21 during trading on Thursday, reaching $8.93. 2,578,318 shares of the company's stock were exchanged, compared to its average volume of 5,634,575. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 37.14 and a beta of 1.79. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $13.86. The company's 50-day moving average is $9.09 and its two-hundred day moving average is $8.96. 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 issued its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. On average, analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GT. Argus raised 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $10.00 price target on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. Finally, StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.98.

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.