76,025 Shares in Goodyear Tire & Rubber Co (GT) Purchased by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. purchased a new position in Goodyear Tire & Rubber Co (NASDAQ:GT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 76,025 shares of the company’s stock, valued at approximately $2,456,000.

A number of other hedge funds also recently bought and sold shares of the stock. Thrivent Financial For Lutherans lifted its stake in Goodyear Tire & Rubber by 3.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,560 shares of the company’s stock valued at $334,000 after buying an additional 280 shares in the last quarter. Westover Capital Advisors LLC lifted its stake in Goodyear Tire & Rubber by 5.7% in the 2nd quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock valued at $215,000 after buying an additional 330 shares in the last quarter. First Allied Advisory Services Inc. lifted its stake in Goodyear Tire & Rubber by 1.5% in the 2nd quarter. First Allied Advisory Services Inc. now owns 27,320 shares of the company’s stock valued at $949,000 after buying an additional 400 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Goodyear Tire & Rubber by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 5,883 shares of the company’s stock valued at $206,000 after buying an additional 457 shares in the last quarter. Finally, Simmons Bank lifted its stake in Goodyear Tire & Rubber by 3.0% in the 2nd quarter. Simmons Bank now owns 19,426 shares of the company’s stock valued at $679,000 after buying an additional 559 shares in the last quarter. 94.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $32.12, for a total transaction of $240,900.00. Following the completion of the sale, the senior vice president now directly owns 51,848 shares in the company, valued at approximately $1,665,357.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

A number of research analysts have weighed in on GT shares. Zacks Investment Research lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. KeyCorp reissued a “buy” rating and set a $37.00 price target on shares of Goodyear Tire & Rubber in a research note on Thursday, October 12th. Citigroup lowered Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $36.00 in a research note on Monday, October 30th. BidaskClub lowered Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, ValuEngine raised Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Goodyear Tire & Rubber presently has a consensus rating of “Hold” and a consensus price target of $37.70.

Goodyear Tire & Rubber Co (NASDAQ:GT) traded up $0.12 during mid-day trading on Friday, hitting $33.59. The stock had a trading volume of 1,971,700 shares, compared to its average volume of 3,010,000. The firm has a market cap of $8,270.00, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.53. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. Goodyear Tire & Rubber Co has a 1-year low of $28.81 and a 1-year high of $37.20.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. equities analysts forecast that Goodyear Tire & Rubber Co will post 2.88 earnings per share for the current year.

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Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

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

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