Achmea Investment Management B.V. trimmed its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 53.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,867 shares of the company’s stock after selling 19,142 shares during the quarter. Achmea Investment Management B.V.’s holdings in The Goodyear Tire & Rubber were worth $560,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Quadrant L P CA acquired a new position in shares of The Goodyear Tire & Rubber during the 2nd quarter worth about $130,000. Benjamin F. Edwards & Company Inc. grew its position in shares of The Goodyear Tire & Rubber by 143.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock worth $152,000 after buying an additional 2,682 shares during the period. Schroder Investment Management Group acquired a new position in shares of The Goodyear Tire & Rubber during the 2nd quarter worth about $160,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of The Goodyear Tire & Rubber during the 3rd quarter worth about $205,000. Finally, Pacer Advisors Inc. grew its position in shares of The Goodyear Tire & Rubber by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 5,883 shares of the company’s stock worth $206,000 after buying an additional 457 shares during the period. Hedge funds and other institutional investors own 94.75% of the company’s stock.

The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at $32.12 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.37 and a quick ratio of 0.76. The Goodyear Tire & Rubber Company has a 12-month low of $28.81 and a 12-month high of $37.20. The stock has a market capitalization of $7,973.61, a P/E ratio of 10.44, a P/E/G ratio of 0.90 and a beta of 1.53.

The Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm earned $1.17 EPS. The Goodyear Tire & Rubber’s quarterly revenue was up 1.9% compared to the same quarter last year. research analysts anticipate that The Goodyear Tire & Rubber Company will post 2.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. This represents a $0.56 annualized dividend and a dividend yield of 1.74%. The Goodyear Tire & Rubber’s payout ratio is currently 14.47%.

In related news, insider Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $33.26, for a total value of $249,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 22,500 shares of company stock valued at $721,725 over the last quarter. 1.40% of the stock is owned by insiders.

Several equities analysts have recently issued reports on GT shares. Jefferies Group set a $36.00 target price on The Goodyear Tire & Rubber and gave the stock a “buy” rating in a research report on Monday, August 7th. Morgan Stanley restated a “buy” rating and set a $46.00 target price on shares of The Goodyear Tire & Rubber in a research report on Monday, September 11th. BidaskClub upgraded The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Zacks Investment Research upgraded The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a research report on Monday, October 9th. Finally, KeyCorp restated a “buy” rating and set a $37.00 target price on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.70.

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About The Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

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Institutional Ownership by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

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