Commonwealth Equity Services LLC grew its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,861 shares of the company’s stock after purchasing an additional 2,262 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Goodyear Tire & Rubber were worth $1,304,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Goodyear Tire & Rubber during the 4th quarter valued at $28,000. Family Firm Inc. bought a new position in shares of Goodyear Tire & Rubber during the 2nd quarter worth $26,000. Jones Financial Companies Lllp bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth $33,000. Mather Group LLC. grew its stake in shares of Goodyear Tire & Rubber by 4,526.3% during the 2nd 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 period. Finally, Beach Investment Counsel Inc. PA bought a new position in shares of Goodyear Tire & Rubber during the 2nd quarter worth $40,000. 84.19% of the stock is owned by hedge funds and other institutional investors.
Goodyear Tire & Rubber Price Performance
Shares of Goodyear Tire & Rubber stock opened at $7.84 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.54. The business’s 50 day simple moving average is $9.56 and its two-hundred day simple moving average is $11.31. The stock has a market capitalization of $2.23 billion, a P/E ratio of -3.47 and a beta of 1.70. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $15.24.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GT. Morgan Stanley began coverage on Goodyear Tire & Rubber in a research note on Thursday, June 13th. They set an “equal weight” rating and a $14.00 price target for the company. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.23.
Check Out Our Latest Analysis on Goodyear Tire & Rubber
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.
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