American Century Companies Inc. boosted its holdings in Cooper Tire & Rubber Company (NYSE:CTB) by 29.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,017 shares of the company’s stock after purchasing an additional 72,195 shares during the quarter. American Century Companies Inc. owned about 0.61% of Cooper Tire & Rubber worth $11,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cipher Capital LP grew its holdings in Cooper Tire & Rubber by 679.0% in the second quarter. Cipher Capital LP now owns 45,647 shares of the company’s stock worth $1,648,000 after purchasing an additional 39,787 shares during the period. Vanguard Group Inc. grew its holdings in Cooper Tire & Rubber by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after purchasing an additional 20,738 shares during the period. Victory Capital Management Inc. grew its holdings in Cooper Tire & Rubber by 39.4% in the second quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock worth $37,817,000 after purchasing an additional 296,340 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Cooper Tire & Rubber by 2.6% in the second quarter. Federated Investors Inc. PA now owns 152,705 shares of the company’s stock worth $5,513,000 after buying an additional 3,871 shares in the last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of Cooper Tire & Rubber in the second quarter worth approximately $282,000.

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Cooper Tire & Rubber Company (NYSE:CTB) opened at $33.95 on Friday. The stock has a market cap of $1,740.75, a P/E ratio of 8.75, a PEG ratio of 1.10 and a beta of -0.01. Cooper Tire & Rubber Company has a 52 week low of $31.55 and a 52 week high of $44.50. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.33. The company had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. research analysts forecast that Cooper Tire & Rubber Company will post 3.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.24%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 10.82%.

Several brokerages have recently issued reports on CTB. Jefferies Group LLC set a $40.00 target price on shares of Cooper Tire & Rubber and gave the stock a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Deutsche Bank AG upped their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. FBR & Co reiterated a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.00.

About Cooper Tire & Rubber

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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