Bank of New York Mellon Corp trimmed its position in Cooper Tire & Rubber Co (NYSE:CTB) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 801,183 shares of the company’s stock after selling 5,266 shares during the quarter. Bank of New York Mellon Corp owned about 1.56% of Cooper Tire & Rubber worth $29,964,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CTB. Riverhead Capital Management LLC lifted its position in shares of Cooper Tire & Rubber by 75.2% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after acquiring an additional 1,729 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of Cooper Tire & Rubber by 76.7% in the second quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock valued at $161,000 after buying an additional 1,932 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Cooper Tire & Rubber by 6.8% in the second quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after buying an additional 304 shares in the last quarter. Worth Venture Partners LLC acquired a new position in Cooper Tire & Rubber during the 2nd quarter worth $235,000. Finally, M&T Bank Corp acquired a new position in Cooper Tire & Rubber during the 2nd quarter worth $243,000.

CTB has been the subject of several research reports. FBR & Co reissued a “buy” rating and issued a $53.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of Cooper Tire & Rubber in a research note on Sunday, September 10th. Zacks Investment Research downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $42.00 price objective on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.00.

Cooper Tire & Rubber Co (NYSE:CTB) opened at $35.15 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 1.59. Cooper Tire & Rubber Co has a 52-week low of $31.55 and a 52-week high of $44.50. The company has a market capitalization of $1,802.27, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.14 and a beta of 0.07.

Cooper Tire & Rubber (NYSE:CTB) last announced its earnings results on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.33. The company had revenue of $733.80 million during the quarter, compared to the consensus estimate of $779.02 million. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. equities research analysts anticipate that Cooper Tire & Rubber Co will post 3.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.19%. Cooper Tire & Rubber’s dividend payout ratio is currently 10.82%.

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Cooper Tire & Rubber Company Profile

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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