The Goodyear Tire & Rubber Company (NASDAQ:GT) Position Lowered by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 74.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,500 shares of the company’s stock after selling 48,800 shares during the period. John G Ullman & Associates Inc.’s holdings in Goodyear Tire & Rubber were worth $148,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GT. Victory Capital Management Inc. raised its stake in Goodyear Tire & Rubber by 3,921.7% during the third quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company’s stock worth $42,051,000 after acquiring an additional 4,633,368 shares during the period. KLCM Advisors Inc. raised its stake in Goodyear Tire & Rubber by 59.4% during the fourth quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company’s stock worth $15,934,000 after acquiring an additional 659,635 shares during the period. Barclays PLC raised its stake in Goodyear Tire & Rubber by 158.6% during the third quarter. Barclays PLC now owns 975,634 shares of the company’s stock worth $8,635,000 after acquiring an additional 598,330 shares during the period. Cibc World Market Inc. raised its stake in Goodyear Tire & Rubber by 72.1% during the fourth quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company’s stock worth $12,672,000 after acquiring an additional 589,782 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in Goodyear Tire & Rubber by 13.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company’s stock worth $36,301,000 after acquiring an additional 484,198 shares during the period. Institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Price Performance

Shares of NASDAQ:GT opened at $9.45 on Monday. The firm’s 50 day moving average is $9.09 and its two-hundred day moving average is $8.96. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $13.86. The firm has a market capitalization of $2.69 billion, a P/E ratio of 39.38 and a beta of 1.79. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.91 billion. Analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on GT. StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Argus upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 price target on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.98.

Goodyear Tire & Rubber Company Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.