Cooper Tire & Rubber Co (CTB) Stake Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in Cooper Tire & Rubber Co (NYSE:CTB) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,628 shares of the company’s stock after buying an additional 1,629 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Cooper Tire & Rubber were worth $340,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CTB. Unison Advisors LLC bought a new stake in shares of Cooper Tire & Rubber during the fourth quarter valued at approximately $224,000. Capital Investment Counsel Inc boosted its position in shares of Cooper Tire & Rubber by 82.7% during the third quarter. Capital Investment Counsel Inc now owns 13,700 shares of the company’s stock valued at $512,000 after purchasing an additional 6,200 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Cooper Tire & Rubber by 269.3% during the fourth quarter. SG Americas Securities LLC now owns 14,082 shares of the company’s stock valued at $498,000 after purchasing an additional 10,269 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Cooper Tire & Rubber by 837.2% during the third quarter. Envestnet Asset Management Inc. now owns 15,380 shares of the company’s stock valued at $574,000 after buying an additional 13,739 shares during the last quarter. Finally, US Bancorp DE raised its stake in Cooper Tire & Rubber by 26.5% during the fourth quarter. US Bancorp DE now owns 17,057 shares of the company’s stock valued at $603,000 after buying an additional 3,575 shares during the last quarter.

Cooper Tire & Rubber Co (NYSE:CTB) opened at $32.85 on Friday. Cooper Tire & Rubber Co has a one year low of $31.55 and a one year high of $44.50. The company has a quick ratio of 1.59, a current ratio of 2.75 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1,670.00, a price-to-earnings ratio of 11.45 and a beta of 0.17.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.12). Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The business had revenue of $757.04 million during the quarter, compared to analysts’ expectations of $750.97 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. research analysts expect that Cooper Tire & Rubber Co will post 3.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, February 28th. Cooper Tire & Rubber’s dividend payout ratio is currently 14.63%.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Cooper Tire & Rubber from a “buy” rating to a “sell” rating in a research note on Friday. TheStreet cut Cooper Tire & Rubber from a “b” rating to a “c” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price objective on Cooper Tire & Rubber from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday. Longbow Research assumed coverage on Cooper Tire & Rubber in a research note on Wednesday, January 31st. They set a “buy” rating and a $50.00 price objective for the company. Finally, Northcoast Research upgraded Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.63.

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About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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