The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Bought by Fmr LLC

FMR LLC boosted its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 28.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 842,822 shares of the company's stock after acquiring an additional 184,770 shares during the quarter. FMR LLC owned about 0.30% of Goodyear Tire & Rubber worth $7,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GT. Family Firm Inc. purchased a new stake in Goodyear Tire & Rubber in the 2nd quarter worth approximately $26,000. Sound Income Strategies LLC lifted its position in shares of Goodyear Tire & Rubber by 2,122.5% in the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company's stock valued at $35,000 after acquiring an additional 3,778 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Goodyear Tire & Rubber in the second quarter valued at approximately $57,000. Private Trust Co. NA lifted its holdings in Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company's stock valued at $62,000 after purchasing an additional 3,700 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in Goodyear Tire & Rubber during the second quarter worth about $72,000. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Down 0.4 %

GT traded down $0.04 on Friday, hitting $10.03. 2,391,921 shares of the company traded hands, compared to its average volume of 4,299,083. 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 50 day moving average of $9.24 and a 200-day moving average of $9.75. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. The firm 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%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, analysts predict that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GT. StockNews.com downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a 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 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.