Mutual of America Capital Management LLC Sells 3,523 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Mutual of America Capital Management LLC cut its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,507 shares of the company’s stock after selling 3,523 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Goodyear Tire & Rubber worth $1,355,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GT. Barclays PLC boosted its holdings in Goodyear Tire & Rubber by 158.6% in the third quarter. Barclays PLC now owns 975,634 shares of the company’s stock valued at $8,635,000 after purchasing an additional 598,330 shares during the last quarter. Truist Financial Corp boosted its holdings in Goodyear Tire & Rubber by 5.2% in the 4th quarter. Truist Financial Corp now owns 22,753 shares of the company’s stock worth $205,000 after buying an additional 1,115 shares during 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 worth $62,438,000 after buying an additional 86,227 shares during the last quarter. FMR LLC boosted its holdings in Goodyear Tire & Rubber by 28.1% in the 3rd quarter. FMR LLC now owns 842,822 shares of the company’s stock worth $7,459,000 after buying an additional 184,770 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its holdings in Goodyear Tire & Rubber by 69.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 142,790 shares of the company’s stock worth $1,264,000 after buying an additional 58,526 shares during the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Goodyear Tire & Rubber Stock Performance

Shares of GT stock opened at $9.79 on Friday. 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 firm has a fifty day moving average price of $9.11 and a 200 day moving average price of $8.97. The company has a market cap of $2.79 billion, a P/E ratio of 40.79 and a beta of 1.71. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $13.86.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Sell-side analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

About Goodyear Tire & Rubber

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.