Segall Bryant & Hamill LLC Boosts Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Segall Bryant & Hamill LLC boosted its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,101,832 shares of the company’s stock after acquiring an additional 484,198 shares during the period. Segall Bryant & Hamill LLC’s holdings in Goodyear Tire & Rubber were worth $36,301,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GT. Victory Capital Management Inc. grew its stake in shares of Goodyear Tire & Rubber by 3,921.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company’s stock worth $42,051,000 after buying an additional 4,633,368 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Goodyear Tire & Rubber by 2,944.7% in the 1st quarter. National Bank of Canada FI now owns 1,666,708 shares of the company’s stock worth $21,600,000 after buying an additional 1,611,966 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Goodyear Tire & Rubber by 91.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,536,252 shares of the company’s stock worth $28,203,000 after buying an additional 1,211,519 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Goodyear Tire & Rubber by 16.2% in the 2nd quarter. American Century Companies Inc. now owns 7,257,765 shares of the company’s stock worth $82,376,000 after buying an additional 1,013,550 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Goodyear Tire & Rubber by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,867,596 shares of the company’s stock worth $410,082,000 after buying an additional 765,529 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Goodyear Tire & Rubber Price Performance

GT stock opened at $9.12 on Wednesday. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $15.24. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average price of $8.56 and a 200 day moving average price of $10.01. The stock has a market cap of $2.60 billion, a PE ratio of -8.77 and a beta of 1.69.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on GT. Wolfe Research cut shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. StockNews.com cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.