Cooper Tire & Rubber Co (CTB) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its stake in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 39.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,279 shares of the company’s stock after selling 110,000 shares during the period. Schroder Investment Management Group owned 0.33% of Cooper Tire & Rubber worth $6,319,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. lifted its stake in shares of Cooper Tire & Rubber by 3.8% in the 2nd quarter. Capstone Asset Management Co. now owns 7,449 shares of the company’s stock valued at $269,000 after purchasing an additional 270 shares during the last quarter. Aperio Group LLC raised its position in shares of Cooper Tire & Rubber by 10.1% during the second quarter. Aperio Group LLC now owns 18,630 shares of the company’s stock valued at $673,000 after buying an additional 1,712 shares during the last quarter. US Bancorp DE raised its position in shares of Cooper Tire & Rubber by 13.6% during the second quarter. US Bancorp DE now owns 12,453 shares of the company’s stock valued at $450,000 after buying an additional 1,493 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Cooper Tire & Rubber by 8.5% during the second quarter. Texas Permanent School Fund now owns 38,647 shares of the company’s stock valued at $1,395,000 after buying an additional 3,014 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Cooper Tire & Rubber by 24,622.0% during the second quarter. Sei Investments Co. now owns 70,952 shares of the company’s stock valued at $2,561,000 after buying an additional 70,665 shares during the last quarter.

Shares of Cooper Tire & Rubber Co (NYSE CTB) opened at $35.15 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. The stock has a market cap of $1,802.27, a PE ratio of 9.06, a PEG ratio of 1.14 and a beta of 0.07. Cooper Tire & Rubber Co has a 12 month low of $31.55 and a 12 month high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The business had revenue of $733.80 million during the quarter, compared to analysts’ expectations of $779.02 million. During the same quarter in the previous year, the company earned $1.04 EPS. The business’s revenue was down 2.3% on a year-over-year basis. research analysts forecast that Cooper Tire & Rubber Co will post 3.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 10.82%.

A number of analysts recently weighed in on CTB shares. FBR & Co reissued a “buy” rating and issued a $53.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Jefferies Group reiterated a “hold” rating and set a $40.00 target price on shares of Cooper Tire & Rubber in a research report on Sunday, September 10th. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and issued a $42.00 target price on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. Finally, ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Cooper Tire & Rubber presently has a consensus rating of “Hold” and an average target price of $44.00.

ILLEGAL ACTIVITY NOTICE: This report was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/11/cooper-tire-rubber-co-ctb-shares-sold-by-schroder-investment-management-group.html.

Cooper Tire & Rubber Profile

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.

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

Receive News & Ratings for Cooper Tire & Rubber Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Tire & Rubber Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply