Arizona State Retirement System Has $1.30 Million Position in Cooper Tire & Rubber Co (CTB)

Arizona State Retirement System raised its holdings in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,902 shares of the company’s stock after purchasing an additional 7,307 shares during the period. Arizona State Retirement System owned 0.07% of Cooper Tire & Rubber worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CTB. Dimensional Fund Advisors LP increased its position in shares of Cooper Tire & Rubber by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,672,900 shares of the company’s stock valued at $137,367,000 after acquiring an additional 242,886 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Cooper Tire & Rubber by 23.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,409,833 shares of the company’s stock valued at $49,838,000 after acquiring an additional 270,549 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Cooper Tire & Rubber by 2.8% during the third quarter. Ameriprise Financial Inc. now owns 562,680 shares of the company’s stock valued at $21,046,000 after acquiring an additional 15,541 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Cooper Tire & Rubber by 1,109.8% during the third quarter. Russell Investments Group Ltd. now owns 522,894 shares of the company’s stock valued at $19,556,000 after acquiring an additional 479,671 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its position in shares of Cooper Tire & Rubber by 21.8% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 504,612 shares of the company’s stock valued at $17,838,000 after acquiring an additional 90,300 shares in the last quarter.

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CTB has been the subject of several analyst reports. JPMorgan Chase reduced their price target on shares of Cooper Tire & Rubber from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. TheStreet downgraded shares of Cooper Tire & Rubber from a “b” rating to a “c” rating in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, January 12th. Northcoast Research upgraded shares of Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, Longbow Research started coverage on shares of Cooper Tire & Rubber in a report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.63.

In other Cooper Tire & Rubber news, Director Robert D. Welding purchased 1,500 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were acquired at an average price of $32.30 per share, for a total transaction of $48,450.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $96,900. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.74% of the company’s stock.

CTB stock traded down $1.10 on Friday, hitting $29.05. The company had a trading volume of 587,180 shares, compared to its average volume of 647,708. Cooper Tire & Rubber Co has a 12-month low of $28.10 and a 12-month high of $44.50. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1,475.68, a P/E ratio of 9.37 and a beta of 0.43.

Cooper Tire & Rubber (NYSE:CTB) last issued 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). The business had revenue of $757.04 million for the quarter, compared to analysts’ expectations of $750.97 million. Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 EPS. equities analysts predict that Cooper Tire & Rubber Co will post 3.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, February 28th. Cooper Tire & Rubber’s dividend payout ratio is presently 13.55%.

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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)

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