Virtu Financial LLC bought a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,531 shares of the company's stock, valued at approximately $491,000.
Other hedge funds also recently added to or reduced their stakes in the company. Fidelity D & D Bancorp Inc. increased its position in Goodyear Tire & Rubber by 3.2% during the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company's stock worth $283,000 after buying an additional 1,000 shares in the last quarter. Truist Financial Corp increased its position in Goodyear Tire & Rubber by 5.2% during the 4th quarter. Truist Financial Corp now owns 22,753 shares of the company's stock worth $205,000 after purchasing an additional 1,115 shares in the last quarter. Amalgamated Bank raised its stake in Goodyear Tire & Rubber by 0.9% in the 4th quarter. Amalgamated Bank now owns 127,390 shares of the company's stock valued at $1,147,000 after purchasing an additional 1,156 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Goodyear Tire & Rubber by 11.3% in the 4th quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company's stock valued at $110,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Goodyear Tire & Rubber by 19.0% in the 4th quarter. Harbour Investments Inc. now owns 8,754 shares of the company's stock valued at $79,000 after purchasing an additional 1,399 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.
Goodyear Tire & Rubber Stock Down 3.5 %
Goodyear Tire & Rubber stock traded down $0.32 during midday trading on Friday, hitting $8.79. 4,684,851 shares of the stock were exchanged, compared to its average volume of 4,670,211. 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 company has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $9.05. The firm has a market cap of $2.51 billion, a P/E ratio of 36.63 and a beta of 1.71. The Goodyear Tire & Rubber Company has a 1 year low of $7.27 and a 1 year high of $13.78.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $4.95 billion during 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, sell-side analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on GT. Argus raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 18th. TD Cowen initiated coverage on Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a "buy" rating and a $14.00 price target on the stock. StockNews.com raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.18.
View Our Latest Research Report on Goodyear Tire & Rubber
Goodyear Tire & Rubber Profile
(
Free Report)
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.
Further Reading
Before you consider Goodyear Tire & Rubber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Goodyear Tire & Rubber wasn't on the list.
While Goodyear Tire & Rubber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
