Goodyear Tire & Rubber Co (GT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in Goodyear Tire & Rubber Co (NASDAQ:GT) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,249 shares of the company’s stock after selling 4,290 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Goodyear Tire & Rubber were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in GT. Sound Shore Management Inc. CT increased its holdings in shares of Goodyear Tire & Rubber by 38.7% during the third quarter. Sound Shore Management Inc. CT now owns 4,023,929 shares of the company’s stock valued at $133,796,000 after acquiring an additional 1,123,573 shares in the last quarter. LSV Asset Management increased its holdings in shares of Goodyear Tire & Rubber by 6.6% during the second quarter. LSV Asset Management now owns 10,230,101 shares of the company’s stock valued at $357,644,000 after acquiring an additional 634,919 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Goodyear Tire & Rubber by 94.1% during the second quarter. Parametric Portfolio Associates LLC now owns 1,296,130 shares of the company’s stock valued at $45,313,000 after acquiring an additional 628,221 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Goodyear Tire & Rubber during the third quarter valued at $15,827,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Goodyear Tire & Rubber by 10.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,568,674 shares of the company’s stock valued at $151,903,000 after acquiring an additional 414,651 shares in the last quarter. 94.64% of the stock is owned by institutional investors.

Goodyear Tire & Rubber Co (NASDAQ:GT) traded up $0.32 during midday trading on Friday, reaching $33.91. The company had a trading volume of 4,295,091 shares, compared to its average volume of 2,650,000. 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 one year low of $28.81 and a one year high of $37.20. The stock has a market cap of $8,350.00, a PE ratio of 8.76, a PEG ratio of 0.72 and a beta of 1.53.

Goodyear Tire & Rubber (NASDAQ:GT) last issued 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 business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The company’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 earned $1.17 EPS. sell-side analysts predict that Goodyear Tire & Rubber Co will post 2.88 earnings per share for the current fiscal year.

Several equities research analysts recently commented on GT shares. Zacks Investment Research downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. KeyCorp reiterated a “buy” rating and issued a $37.00 price objective on shares of Goodyear Tire & Rubber in a report on Thursday, October 12th. Citigroup downgraded Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $36.00 in a report on Monday, October 30th. BidaskClub downgraded Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, ValuEngine upgraded Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.70.

In other news, SVP Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 51,848 shares of the company’s stock, valued at approximately $1,665,357.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

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Goodyear Tire & Rubber 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.

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

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