Leuthold Group LLC Acquires 182,974 Shares of The Goodyear Tire & Rubber Company $GT

Leuthold Group LLC grew its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 48.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 560,093 shares of the company’s stock after acquiring an additional 182,974 shares during the period. Leuthold Group LLC owned 0.20% of Goodyear Tire & Rubber worth $4,906,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GT. Focus Partners Wealth bought a new stake in Goodyear Tire & Rubber in the third quarter worth approximately $25,000. Hantz Financial Services Inc. lifted its stake in shares of Goodyear Tire & Rubber by 384.8% in the third quarter. Hantz Financial Services Inc. now owns 5,289 shares of the company’s stock worth $40,000 after buying an additional 4,198 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Goodyear Tire & Rubber in the third quarter worth $47,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Goodyear Tire & Rubber by 29.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 7,749 shares of the company’s stock worth $68,000 after buying an additional 1,749 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Goodyear Tire & Rubber by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 8,063 shares of the company’s stock worth $71,000 after buying an additional 3,605 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GT has been the subject of a number of analyst reports. Wall Street Zen cut shares of Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research note on Sunday. Zacks Research cut shares of Goodyear Tire & Rubber from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research note on Monday, May 11th. Citigroup reduced their price objective on shares of Goodyear Tire & Rubber from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 price objective (down from $9.00) on shares of Goodyear Tire & Rubber in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $8.54.

Goodyear Tire & Rubber Price Performance

NASDAQ:GT opened at $5.64 on Friday. The stock has a market cap of $1.62 billion, a P/E ratio of -0.78 and a beta of 1.17. The Goodyear Tire & Rubber Company has a one year low of $5.63 and a one year high of $12.03. The company has a fifty day moving average price of $6.76 and a 200 day moving average price of $8.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.04 and a quick ratio of 0.51.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Wednesday, May 6th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.05. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Goodyear Tire & Rubber had a negative net margin of 11.64% and a positive return on equity of 0.93%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Analysts anticipate that The Goodyear Tire & Rubber Company will post -0.11 earnings per share for the current year.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.