The Goodyear Tire & Rubber Company (NASDAQ:GT) Position Increased by Barnett & Company Inc.

Barnett & Company Inc. grew its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,700 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Barnett & Company Inc.’s holdings in Goodyear Tire & Rubber were worth $861,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GT. American Century Companies Inc. lifted its position in Goodyear Tire & Rubber by 10.3% in the 4th quarter. American Century Companies Inc. now owns 9,652,329 shares of the company’s stock worth $86,871,000 after buying an additional 897,463 shares in the last quarter. KLCM Advisors Inc. increased its position in Goodyear Tire & Rubber by 59.4% in the 4th quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company’s stock worth $15,934,000 after buying an additional 659,635 shares during the period. Barclays PLC raised its stake in Goodyear Tire & Rubber by 158.6% during the 3rd quarter. Barclays PLC now owns 975,634 shares of the company’s stock valued at $8,635,000 after purchasing an additional 598,330 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Goodyear Tire & Rubber by 72.1% in the fourth quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company’s stock valued at $12,672,000 after buying an additional 589,782 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Goodyear Tire & Rubber by 221.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 678,452 shares of the company’s stock valued at $6,004,000 after buying an additional 467,107 shares during the period. Institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

GT has been the topic of a number of research reports. TD Cowen started coverage on shares of Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a “buy” rating and a $14.00 target price on the stock. StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Argus raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 price target on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.18.

Goodyear Tire & Rubber Trading Down 1.8 %

Shares of Goodyear Tire & Rubber stock opened at $9.14 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $2.61 billion, a P/E ratio of 38.08 and a beta of 1.71. The stock has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.01. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $13.86.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. On average, sell-side analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

About Goodyear Tire & Rubber

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.