DekaBank Deutsche Girozentrale Has $3.32 Million Holdings in The Goodyear Tire & Rubber Company (GT)

DekaBank Deutsche Girozentrale decreased its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 36.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 108,269 shares of the company’s stock after selling 61,014 shares during the period. DekaBank Deutsche Girozentrale’s holdings in The Goodyear Tire & Rubber were worth $3,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GT. Financial Architects Inc increased its position in shares of The Goodyear Tire & Rubber by 2.2% in the second quarter. Financial Architects Inc now owns 3,546 shares of the company’s stock worth $124,000 after acquiring an additional 75 shares in the last quarter. First Quadrant L P CA acquired a new stake in The Goodyear Tire & Rubber during the 2nd quarter valued at $130,000. Benjamin F. Edwards & Company Inc. grew its holdings in The Goodyear Tire & Rubber by 143.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock valued at $152,000 after purchasing an additional 2,682 shares in the last quarter. Schroder Investment Management Group acquired a new stake in The Goodyear Tire & Rubber during the 2nd quarter valued at $160,000. Finally, Pacer Advisors Inc. grew its holdings in The Goodyear Tire & Rubber by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 5,883 shares of the company’s stock valued at $206,000 after purchasing an additional 457 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

The Goodyear Tire & Rubber Company (NASDAQ:GT) traded down $0.04 during trading on Thursday, reaching $31.32. 2,796,729 shares of the company’s stock traded hands, compared to its average volume of 2,905,586. The firm has a market cap of $7,720.00, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.37. The Goodyear Tire & Rubber Company has a 52-week low of $28.81 and a 52-week high of $37.20.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 2.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st were given a $0.14 dividend. This is an increase from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. This represents a $0.56 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, October 31st. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 14.47%.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of The Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. BidaskClub downgraded shares of The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Guggenheim downgraded shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co reduced their price target on shares of The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The Goodyear Tire & Rubber presently has an average rating of “Hold” and an average target price of $37.70.

In other news, insider Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $33.26, for a total value of $249,450.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 30,000 shares of company stock worth $962,625. 1.40% of the stock is currently owned by insiders.

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About The Goodyear Tire & Rubber

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.

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

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