Dimensional Fund Advisors LP Has $190.48 Million Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Dimensional Fund Advisors LP lowered its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,782,585 shares of the company’s stock after selling 230,111 shares during the period. Dimensional Fund Advisors LP owned approximately 5.90% of Goodyear Tire & Rubber worth $190,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in Goodyear Tire & Rubber during the fourth quarter valued at approximately $28,000. Family Firm Inc. purchased a new position in shares of Goodyear Tire & Rubber during the 2nd quarter valued at $26,000. Jones Financial Companies Lllp purchased a new position in shares of Goodyear Tire & Rubber during the 4th quarter valued at $33,000. Mather Group LLC. increased its stake in shares of Goodyear Tire & Rubber by 4,526.3% in the second quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock worth $30,000 after acquiring an additional 2,580 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new stake in shares of Goodyear Tire & Rubber during the second quarter worth $40,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Ratings Changes

GT has been the topic of several research reports. Morgan Stanley initiated coverage on Goodyear Tire & Rubber in a research report on Thursday, June 13th. They issued an “equal weight” rating and a $14.00 target price on the stock. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Wolfe Research lowered shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Goodyear Tire & Rubber currently has a consensus rating of “Moderate Buy” and an average target price of $17.23.

Goodyear Tire & Rubber Price Performance

NASDAQ GT opened at $8.37 on Friday. The firm has a market cap of $2.38 billion, a P/E ratio of -3.70 and a beta of 1.70. The stock’s 50-day moving average is $9.39 and its two-hundred day moving average is $11.23. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $15.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.54.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its earnings results on Wednesday, July 31st. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. Goodyear Tire & Rubber had a positive return on equity of 6.55% and a negative net margin of 1.82%. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company earned ($0.34) EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts anticipate that The Goodyear Tire & Rubber Company will post 1.06 earnings per share for the current fiscal year.

Goodyear Tire & Rubber Company 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.