Cooper Tire & Rubber Co. (NYSE:CTB) Director John J. Holland sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $37.86, for a total value of $151,440.00. Following the sale, the director now directly owns 5,913 shares of the company’s stock, valued at approximately $223,866.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded down 0.456% during trading on Friday, reaching $38.225. The company had a trading volume of 107,156 shares. The stock’s 50-day moving average price is $36.66 and its 200-day moving average price is $33.65. The company has a market capitalization of $2.04 billion, a PE ratio of 8.948 and a beta of 0.05. Cooper Tire & Rubber Co. has a 52 week low of $29.29 and a 52 week high of $42.57.

Cooper Tire & Rubber Co. (NYSE:CTB) last released its quarterly earnings data on Monday, October 31st. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The business earned $751 million during the quarter, compared to analyst estimates of $689.09 million. Cooper Tire & Rubber Co. had a return on equity of 23.13% and a net margin of 8.17%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. On average, equities analysts expect that Cooper Tire & Rubber Co. will post $4.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, December 2nd will be paid a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. Cooper Tire & Rubber Co.’s dividend payout ratio is presently 9.86%.

Several institutional investors have recently made changes to their positions in CTB. Advisory Services Network LLC raised its position in shares of Cooper Tire & Rubber Co. by 0.3% in the third quarter. Advisory Services Network LLC now owns 7,010 shares of the company’s stock valued at $267,000 after buying an additional 23 shares in the last quarter. Stifel Financial Corp raised its position in shares of Cooper Tire & Rubber Co. by 1.3% in the second quarter. Stifel Financial Corp now owns 7,754 shares of the company’s stock valued at $232,000 after buying an additional 102 shares in the last quarter. Horrell Capital Management Inc. raised its position in shares of Cooper Tire & Rubber Co. by 0.5% in the third quarter. Horrell Capital Management Inc. now owns 26,990 shares of the company’s stock valued at $1,026,000 after buying an additional 128 shares in the last quarter. BlackRock Group LTD raised its position in shares of Cooper Tire & Rubber Co. by 0.7% in the third quarter. BlackRock Group LTD now owns 45,660 shares of the company’s stock valued at $1,736,000 after buying an additional 326 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Cooper Tire & Rubber Co. by 0.7% in the second quarter. Martingale Asset Management L P now owns 44,789 shares of the company’s stock valued at $1,336,000 after buying an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

Several analysts have issued reports on CTB shares. Northcoast Research raised Cooper Tire & Rubber Co. from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, July 26th. Deutsche Bank AG cut their price target on Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a “hold” rating for the company in a report on Friday, August 5th. JPMorgan Chase & Co. cut their price target on Cooper Tire & Rubber Co. from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Zacks Investment Research raised Cooper Tire & Rubber Co. from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, August 10th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Cooper Tire & Rubber Co. in a research note on Thursday, September 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.30.

Cooper Tire & Rubber Co. Company Profile

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires. It has four business segments: North America, composed of its operations in the United States and Canada; Latin America, composed of its operations in Mexico, Central America and South America; Europe, and Asia.

5 Day Chart for NYSE:CTB

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