Thrivent Financial for Lutherans Lowers Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Thrivent Financial for Lutherans reduced its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,150 shares of the company’s stock after selling 23,371 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Goodyear Tire & Rubber were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Goodyear Tire & Rubber by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,532,990 shares of the company’s stock valued at $31,267,000 after purchasing an additional 252,960 shares during the period. Citigroup Inc. increased its holdings in Goodyear Tire & Rubber by 66.7% during the third quarter. Citigroup Inc. now owns 491,990 shares of the company’s stock valued at $4,354,000 after buying an additional 196,788 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Goodyear Tire & Rubber in the third quarter worth approximately $122,000. D.A. Davidson & CO. lifted its holdings in Goodyear Tire & Rubber by 11.9% during the third quarter. D.A. Davidson & CO. now owns 68,808 shares of the company’s stock worth $609,000 after buying an additional 7,338 shares during the period. Finally, FMR LLC boosted its position in Goodyear Tire & Rubber by 28.1% during the 3rd quarter. FMR LLC now owns 842,822 shares of the company’s stock valued at $7,459,000 after acquiring an additional 184,770 shares in the last quarter. 84.19% of the stock is owned by institutional investors.

Goodyear Tire & Rubber Stock Up 5.1 %

NASDAQ:GT opened at $9.24 on Tuesday. 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 Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $13.78. The company has a market cap of $2.63 billion, a PE ratio of 38.50 and a beta of 1.71. The company’s 50 day moving average is $9.19 and its two-hundred day moving average is $9.07.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GT. TD Cowen assumed coverage on Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a “buy” rating and a $14.00 price objective for the company. StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Deutsche Bank Aktiengesellschaft raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Monday. Finally, Argus raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.78.

Goodyear Tire & Rubber Profile

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.