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

Fmr LLC increased its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 28.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 842,822 shares of the company’s stock after buying an additional 184,770 shares during the period. Fmr LLC owned about 0.30% of Goodyear Tire & Rubber worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GT. D.A. Davidson & CO. grew its holdings in Goodyear Tire & Rubber by 11.9% during the 3rd quarter. D.A. Davidson & CO. now owns 68,808 shares of the company’s stock valued at $609,000 after buying an additional 7,338 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Goodyear Tire & Rubber by 110.4% during the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock worth $62,000 after buying an additional 3,700 shares during the last quarter. Mirabella Financial Services LLP raised its holdings in shares of Goodyear Tire & Rubber by 411.6% in the 3rd quarter. Mirabella Financial Services LLP now owns 192,420 shares of the company’s stock worth $1,703,000 after purchasing an additional 154,812 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Goodyear Tire & Rubber in the third quarter valued at approximately $122,000. Finally, Citigroup Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 66.7% during the 3rd quarter. Citigroup Inc. now owns 491,990 shares of the company’s stock valued at $4,354,000 after acquiring an additional 196,788 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Down 0.4 %

NASDAQ GT opened at $10.07 on Friday. 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 market capitalization 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 current ratio of 1.14 and a quick ratio of 0.65. The company’s 50 day simple moving average is $9.24 and its 200 day simple moving average is $9.75.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. Equities research analysts expect that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GT has been the subject of a number of 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 shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

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.