UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 549,189 shares of the company's stock after selling 62,285 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Goodyear Tire & Rubber worth $4,860,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of GT. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Goodyear Tire & Rubber by 8.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,429 shares of the company's stock worth $747,000 after buying an additional 6,903 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Goodyear Tire & Rubber by 221.0% in the third quarter. BNP Paribas Financial Markets now owns 678,452 shares of the company's stock worth $6,004,000 after acquiring an additional 467,107 shares during the last quarter. FMR LLC lifted its position in shares of Goodyear Tire & Rubber by 28.1% during the third 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. D.A. Davidson & CO. grew its stake in shares of Goodyear Tire & Rubber by 11.9% during the third quarter. D.A. Davidson & CO. now owns 68,808 shares of the company's stock valued at $609,000 after purchasing an additional 7,338 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Goodyear Tire & Rubber by 110.4% in the third 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. Institutional investors own 84.19% of the company's stock.
Wall Street Analysts Forecast Growth
GT has been the subject of several analyst reports. 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. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th.
Check Out Our Latest Stock Report on Goodyear Tire & Rubber
Goodyear Tire & Rubber Stock Down 0.4 %
GT traded down $0.04 during trading on Thursday, reaching $10.07. 2,445,266 shares of the stock were exchanged, compared to its average volume of 4,307,030. The stock has a market cap of $2.87 billion, a P/E ratio of -9.68 and a beta of 1.77. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14. The stock's 50 day moving average price is $9.20 and its two-hundred day moving average price is $9.75. The Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $15.24.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. Equities analysts expect that The Goodyear Tire & Rubber Company will post 1.09 EPS for the current year.
About Goodyear Tire & Rubber
(
Free Report)
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.
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