Charles Schwab Investment Management Inc. Purchases 205,629 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Charles Schwab Investment Management Inc. boosted its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,738,619 shares of the company's stock after buying an additional 205,629 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.31% of Goodyear Tire & Rubber worth $33,648,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp boosted its position 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 acquiring an additional 1,115 shares during the period. Barclays PLC raised its stake in 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 purchasing an additional 598,330 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Goodyear Tire & Rubber by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company's stock valued at $62,438,000 after purchasing an additional 86,227 shares during the period. FMR LLC grew its position in shares of Goodyear Tire & Rubber by 28.1% during the 3rd quarter. FMR LLC now owns 842,822 shares of the company's stock worth $7,459,000 after purchasing an additional 184,770 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of Goodyear Tire & Rubber by 69.5% during the third quarter. Landscape Capital Management L.L.C. now owns 142,790 shares of the company's stock worth $1,264,000 after purchasing an additional 58,526 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

GT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $10.00 price target on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Argus raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a report on Tuesday, February 18th. StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Finally, TD Cowen assumed coverage on shares of Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a "buy" rating and a $14.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Goodyear Tire & Rubber has an average rating of "Moderate Buy" and a consensus price target of $13.18.

Goodyear Tire & Rubber Price Performance

NASDAQ:GT traded up $0.26 on Thursday, hitting $9.30. The company had a trading volume of 4,054,954 shares, compared to its average volume of 4,529,164. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $13.86. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 38.73 and a beta of 1.71. The firm has a 50 day moving average of $9.17 and a two-hundred day moving average of $8.99.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. The business had revenue of $4.95 billion during the quarter, compared to analysts' expectations 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 anticipate that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.

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.