Caisse DE Depot ET Placement DU Quebec lifted its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,300 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.06% of The Goodyear Tire & Rubber worth $5,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System boosted its holdings in The Goodyear Tire & Rubber by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 62,479 shares of the company’s stock worth $2,184,000 after buying an additional 200 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of The Goodyear Tire & Rubber by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,560 shares of the company’s stock valued at $334,000 after purchasing an additional 280 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of The Goodyear Tire & Rubber by 3.1% during the 2nd quarter. Savant Capital LLC now owns 9,303 shares of the company’s stock valued at $325,000 after purchasing an additional 282 shares during the last quarter. Westover Capital Advisors LLC boosted its holdings in shares of The Goodyear Tire & Rubber by 5.7% during the 2nd quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock valued at $215,000 after purchasing an additional 330 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its holdings in shares of The Goodyear Tire & Rubber by 1.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 27,320 shares of the company’s stock valued at $949,000 after purchasing an additional 400 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at $31.75 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 1-year low of $28.81 and a 1-year high of $37.20. The company has a market cap of $7,714.96, a PE ratio of 10.10, a P/E/G ratio of 0.88 and a beta of 1.52.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were issued a $0.14 dividend. This is an increase from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.76%. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is presently 14.47%.

In related news, insider Jean Claude Kihn sold 7,500 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $32.44, for a total value of $243,300.00. Following the sale, the insider now directly owns 74,348 shares of the company’s stock, valued at approximately $2,411,849.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 30,000 shares of company stock valued at $962,625. 1.40% of the stock is owned by insiders.

Several research analysts have commented on the stock. ValuEngine raised shares of The Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. BidaskClub downgraded shares of The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Guggenheim downgraded shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, J P Morgan Chase & Co dropped their price objective on shares of The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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.

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

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