Centric Wealth Management Purchases Shares of 10,583 The Goodyear Tire & Rubber Company (NASDAQ:GT)

Centric Wealth Management purchased a new stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,583 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. boosted its stake in shares of Goodyear Tire & Rubber by 6.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 38,050 shares of the company’s stock worth $336,000 after acquiring an additional 2,195 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Goodyear Tire & Rubber by 8.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,429 shares of the company’s stock worth $747,000 after purchasing an additional 6,903 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Goodyear Tire & Rubber by 221.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 678,452 shares of the company’s stock worth $6,004,000 after buying an additional 467,107 shares during the period. FMR LLC lifted its stake in Goodyear Tire & Rubber by 28.1% during the third quarter. FMR LLC now owns 842,822 shares of the company’s stock valued at $7,459,000 after buying an additional 184,770 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Goodyear Tire & Rubber by 11.9% in 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. Institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th.

Goodyear Tire & Rubber Price Performance

GT stock opened at $10.61 on Friday. The firm has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $9.91. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $15.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the company posted $0.36 EPS. Goodyear Tire & Rubber’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts forecast that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current fiscal year.

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.