New York State Teachers Retirement System Has $2.59 Million Stake in The Goodyear Tire & Rubber Company (NASDAQ:GT)

New York State Teachers Retirement System decreased its stake 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 filing with the SEC. The fund owned 287,767 shares of the company’s stock after selling 6,744 shares during the period. New York State Teachers Retirement System owned 0.10% of Goodyear Tire & Rubber worth $2,590,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GT. Barclays PLC lifted its position in shares of Goodyear Tire & Rubber by 158.6% in the 3rd quarter. Barclays PLC now owns 975,634 shares of the company’s stock worth $8,635,000 after acquiring an additional 598,330 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 86,227 shares during the period. FMR LLC lifted its position in shares of 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 acquiring an additional 184,770 shares during the period. Landscape Capital Management L.L.C. lifted its position in shares of 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 acquiring an additional 58,526 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Goodyear Tire & Rubber by 13.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company’s stock worth $36,301,000 after acquiring an additional 484,198 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Trading Down 5.4 %

Shares of NASDAQ GT opened at $9.98 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.04 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 $13.86. The company’s fifty day moving average is $9.04 and its 200-day moving average is $8.89. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 41.59 and a beta of 1.79.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data 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. Equities research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Finally, Argus upgraded 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.98.

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.