LSV Asset Management reduced its stake in Cooper Tire & Rubber Co. (NYSE:CTB) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,787,677 shares of the company’s stock after selling 16,100 shares during the period. LSV Asset Management owned about 5.21% of Cooper Tire & Rubber Co. worth $105,987,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Cooper Tire & Rubber Co. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,224,648 shares of the company’s stock valued at $66,338,000 after buying an additional 32,409 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Cooper Tire & Rubber Co. by 1.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,974,094 shares of the company’s stock valued at $58,867,000 after buying an additional 27,390 shares during the period. JPMorgan Chase & Co. increased its position in Cooper Tire & Rubber Co. by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 1,960,225 shares of the company’s stock valued at $74,528,000 after buying an additional 97,702 shares during the period. Fairpointe Capital LLC increased its position in Cooper Tire & Rubber Co. by 233.6% in the second quarter. Fairpointe Capital LLC now owns 1,939,627 shares of the company’s stock valued at $57,840,000 after buying an additional 1,358,165 shares during the period. Finally, AJO LP increased its position in Cooper Tire & Rubber Co. by 0.4% in the second quarter. AJO LP now owns 1,737,447 shares of the company’s stock valued at $51,811,000 after buying an additional 6,594 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

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

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) opened at 38.80 on Tuesday. Cooper Tire & Rubber Co. has a one year low of $29.29 and a one year high of $42.51. The stock has a market capitalization of $2.07 billion, a PE ratio of 9.08 and a beta of 0.05. The stock has a 50 day moving average of $36.74 and a 200-day moving average of $33.90.

Cooper Tire & Rubber Co. (NYSE:CTB) last released its quarterly earnings results 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 net margin of 8.17% and a return on equity of 23.13%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. Equities analysts predict that Cooper Tire & Rubber Co. will post $4.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, December 2nd will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 30th. Cooper Tire & Rubber Co.’s payout ratio is 9.86%.

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Several research firms have recently issued reports on CTB. Deutsche Bank AG decreased their price objective on shares of Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, August 5th. Jefferies Group reaffirmed a “hold” rating and set a $37.00 price objective on shares of Cooper Tire & Rubber Co. in a research report on Wednesday, October 19th. Off Wall Street reaffirmed a “sell” rating and set a $22.00 price objective on shares of Cooper Tire & Rubber Co. in a research report on Monday, November 7th. FBR & Co reissued a “buy” rating and issued a $48.00 price target on shares of Cooper Tire & Rubber Co. in a research report on Thursday, September 22nd. Finally, KeyCorp began coverage on shares of Cooper Tire & Rubber Co. in a research report on Wednesday, November 16th. They issued an “overweight” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.30.

In related news, Director John J. Holland sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $37.86, for a total transaction of $151,440.00. Following the completion of 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

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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