180 Wealth Advisors LLC Purchases Shares of 16,232 The Goodyear Tire & Rubber Company (NASDAQ:GT)

180 Wealth Advisors LLC acquired a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GTFree Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,232 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Goodyear Tire & Rubber by 7.6% in the 1st quarter. BlackRock Inc. now owns 35,767,231 shares of the company’s stock valued at $511,113,000 after purchasing an additional 2,528,942 shares in the last quarter. Vanguard Group Inc. lifted its position in Goodyear Tire & Rubber by 1.6% during the first quarter. Vanguard Group Inc. now owns 28,349,435 shares of the company’s stock valued at $405,113,000 after buying an additional 437,114 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Goodyear Tire & Rubber by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 12,260,862 shares of the company’s stock valued at $175,213,000 after buying an additional 431,192 shares in the last quarter. State Street Corp grew its stake in Goodyear Tire & Rubber by 2.7% during the first quarter. State Street Corp now owns 10,052,612 shares of the company’s stock worth $110,780,000 after buying an additional 260,929 shares during the period. Finally, Nomura Holdings Inc. increased its position in shares of Goodyear Tire & Rubber by 1,498.4% in the first quarter. Nomura Holdings Inc. now owns 9,729,800 shares of the company’s stock worth $107,222,000 after acquiring an additional 9,121,084 shares in the last quarter. Hedge funds and other institutional investors own 80.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GT shares. HSBC started coverage on shares of Goodyear Tire & Rubber in a report on Monday, December 4th. They set a “buy” rating and a $16.80 target price on the stock. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. increased their target price on Goodyear Tire & Rubber from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 16th. Finally, Deutsche Bank Aktiengesellschaft raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $21.00 in a research report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Goodyear Tire & Rubber presently has a consensus rating of “Moderate Buy” and an average price target of $17.16.

Check Out Our Latest Report on Goodyear Tire & Rubber

Goodyear Tire & Rubber Stock Up 4.3 %

Shares of Goodyear Tire & Rubber stock opened at $13.88 on Thursday. The Goodyear Tire & Rubber Company has a 1-year low of $9.85 and a 1-year high of $16.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.70 and a current ratio of 1.30. The business has a 50-day moving average of $14.00 and a 200-day moving average of $13.47.

Goodyear Tire & Rubber (NASDAQ:GTGet Free Report) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.17. Goodyear Tire & Rubber had a negative return on equity of 1.03% and a negative net margin of 2.47%. The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the firm earned $0.40 EPS. Goodyear Tire & Rubber’s quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that The Goodyear Tire & Rubber Company will post 0.05 EPS for the current year.

Insider Transactions at Goodyear Tire & Rubber

In other news, EVP Darren R. Wells sold 12,985 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $14.19, for a total value of $184,257.15. Following the completion of the sale, the executive vice president now owns 98,764 shares of the company’s stock, valued at approximately $1,401,461.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

About Goodyear Tire & Rubber

(Free Report)

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 tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands.

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

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