Thurston Springer Miller Herd & Titak Inc. Sells 8,500 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,407 shares of the company’s stock after selling 8,500 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Goodyear Tire & Rubber were worth $40,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Sound Income Strategies LLC grew its stake in Goodyear Tire & Rubber by 2,122.5% in the 3rd quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock valued at $35,000 after purchasing an additional 3,778 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Goodyear Tire & Rubber in the 3rd quarter valued at $45,000. Private Trust Co. NA grew its stake in Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock valued at $62,000 after purchasing an additional 3,700 shares during the period. AM Squared Ltd bought a new position in Goodyear Tire & Rubber in the 3rd quarter valued at $92,000. Finally, Apollon Wealth Management LLC bought a new position in Goodyear Tire & Rubber in the 3rd quarter valued at $92,000. Institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GT shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 price target on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.30.

Goodyear Tire & Rubber Stock Down 0.8 %

Shares of NASDAQ GT opened at $9.38 on Friday. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $14.97. The business has a 50-day simple moving average of $9.45 and a two-hundred day simple moving average of $9.25. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The company has a market cap of $2.67 billion, a P/E ratio of -9.02 and a beta of 1.80.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. Research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.05 earnings per share for the current fiscal year.

About Goodyear Tire & Rubber

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.