36,100 Shares in Goodyear Tire & Rubber Co (NASDAQ:GT) Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC purchased a new position in shares of Goodyear Tire & Rubber Co (NASDAQ:GT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,100 shares of the company’s stock, valued at approximately $520,000.

Other institutional investors also recently made changes to their positions in the company. Lyrical Asset Management LP boosted its position in Goodyear Tire & Rubber by 1.7% in the second quarter. Lyrical Asset Management LP now owns 9,066,605 shares of the company’s stock worth $138,719,000 after purchasing an additional 155,290 shares during the last quarter. Newport Trust Co boosted its position in Goodyear Tire & Rubber by 1.4% in the second quarter. Newport Trust Co now owns 3,293,968 shares of the company’s stock worth $50,398,000 after purchasing an additional 45,990 shares during the last quarter. Prudential Financial Inc. boosted its position in Goodyear Tire & Rubber by 12.1% in the second quarter. Prudential Financial Inc. now owns 2,023,398 shares of the company’s stock worth $30,958,000 after purchasing an additional 218,323 shares during the last quarter. Towle & Co. lifted its position in shares of Goodyear Tire & Rubber by 17.9% during the 2nd quarter. Towle & Co. now owns 1,983,319 shares of the company’s stock valued at $30,345,000 after buying an additional 301,280 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Goodyear Tire & Rubber by 8.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,518,877 shares of the company’s stock valued at $23,239,000 after buying an additional 120,598 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Shares of Goodyear Tire & Rubber stock traded up $0.76 during trading on Friday, hitting $14.39. 68,543 shares of the stock traded hands, compared to its average volume of 3,584,197. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 1.27. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 6.22 and a beta of 1.77. The firm’s fifty day moving average is $12.92 and its 200-day moving average is $15.12. Goodyear Tire & Rubber Co has a 52 week low of $10.74 and a 52 week high of $23.95.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Friday, July 26th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Goodyear Tire & Rubber had a net margin of 3.02% and a return on equity of 7.66%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, analysts forecast that Goodyear Tire & Rubber Co will post 1.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.45%. The ex-dividend date is Thursday, October 31st. Goodyear Tire & Rubber’s dividend payout ratio is presently 27.59%.

A number of research analysts have recently commented on the company. BNP Paribas assumed coverage on Goodyear Tire & Rubber in a research report on Friday, August 16th. They set an “outperform” rating and a $10.00 price target on the stock. ValuEngine raised Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Morgan Stanley set a $14.00 price target on Goodyear Tire & Rubber and gave the company a “hold” rating in a research report on Wednesday, June 26th. Citigroup decreased their price objective on Goodyear Tire & Rubber from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, BidaskClub upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.52.

Goodyear Tire & Rubber Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

Recommended Story: What is a put option?

Institutional Ownership by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

Receive News & Ratings for Goodyear Tire & Rubber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goodyear Tire & Rubber and related companies with MarketBeat.com's FREE daily email newsletter.