KBC Group NV increased its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 66.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,542 shares of the company’s stock after buying an additional 25,767 shares during the period. KBC Group NV’s holdings in The Goodyear Tire & Rubber were worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GT. Benjamin F. Edwards & Company Inc. grew its stake in shares of The Goodyear Tire & Rubber by 143.0% in 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 last quarter. Schroder Investment Management Group bought a new position in The Goodyear Tire & Rubber in the 2nd quarter valued at approximately $160,000. Dynamic Technology Lab Private Ltd bought a new position in The Goodyear Tire & Rubber in the 3rd quarter valued at approximately $205,000. Pacer Advisors Inc. lifted its position in The Goodyear Tire & Rubber by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 5,883 shares of the company’s stock valued at $206,000 after acquiring an additional 457 shares in the last quarter. Finally, Westover Capital Advisors LLC lifted its position in The Goodyear Tire & Rubber by 5.7% in the 2nd quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock valued at $215,000 after acquiring an additional 330 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

GT has been the topic of several analyst reports. BidaskClub raised The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Morgan Stanley reaffirmed a “buy” rating and issued a $46.00 price objective on shares of The Goodyear Tire & Rubber in a research report on Monday, September 11th. Zacks Investment Research cut The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and issued a $37.00 price objective on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Finally, Citigroup cut The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $38.00 to $36.00 in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The Goodyear Tire & Rubber presently has a consensus rating of “Hold” and an average target price of $37.70.

The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at $31.75 on Monday. The firm has a market capitalization of $7,820.89, a price-to-earnings ratio of 10.24, a PEG ratio of 0.89 and a beta of 1.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.37. The Goodyear Tire & Rubber Company has a twelve month low of $28.81 and a twelve month high of $37.20.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.76%. This is a boost from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, October 31st. The Goodyear Tire & Rubber’s dividend payout ratio is presently 14.47%.

In other news, SVP Jean Claude Kihn sold 7,500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $32.12, for a total transaction of $240,900.00. Following the transaction, the senior vice president now directly owns 51,848 shares of the company’s stock, valued at approximately $1,665,357.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 30,000 shares of company stock worth $962,625 over the last three months. Insiders own 1.40% of the company’s stock.

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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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