The Goodyear Tire & Rubber Company (NASDAQ:GT) Holdings Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,007,713 shares of the company’s stock after selling 94,119 shares during the period. Segall Bryant & Hamill LLC owned 1.41% of Goodyear Tire & Rubber worth $36,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GT. Allworth Financial LP raised its position in shares of Goodyear Tire & Rubber by 251.8% during the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company’s stock worth $40,000 after buying an additional 3,059 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Goodyear Tire & Rubber during the third quarter worth approximately $45,000. Signaturefd LLC lifted its position in Goodyear Tire & Rubber by 61.2% in the fourth quarter. Signaturefd LLC now owns 5,259 shares of the company’s stock worth $47,000 after purchasing an additional 1,997 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Goodyear Tire & Rubber in the fourth quarter valued at $54,000. Finally, Private Trust Co. NA boosted its position in shares of Goodyear Tire & Rubber by 110.4% during the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock valued at $62,000 after purchasing an additional 3,700 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Goodyear Tire & Rubber Trading Up 3.5 %

Shares of NASDAQ GT opened at $9.46 on Tuesday. 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 Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $13.86. The business has a 50-day moving average price of $9.20 and a two-hundred day moving average price of $9.02. The firm has a market capitalization of $2.70 billion, a PE ratio of 39.42 and a beta of 1.71.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. As a group, analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Goodyear Tire & Rubber Company Profile

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.