First Trust Advisors LP Has $2.11 Million Holdings in Cooper Tire & Rubber Company (CTB)

First Trust Advisors LP grew its position in Cooper Tire & Rubber Company (NYSE:CTB) by 20.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,443 shares of the company’s stock after acquiring an additional 9,465 shares during the period. First Trust Advisors LP owned about 0.11% of Cooper Tire & Rubber worth $2,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CTB. Riverhead Capital Management LLC raised 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 worth $145,000 after acquiring an additional 1,729 shares during the period. LS Investment Advisors LLC raised its position in shares of Cooper Tire & Rubber by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after acquiring an additional 627 shares during the period. Flinton Capital Management LLC raised its position 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 worth $161,000 after acquiring an additional 1,932 shares during the period. Advisory Services Network LLC raised its position 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 worth $172,000 after acquiring an additional 304 shares during the period. Finally, ING Groep NV acquired a new position in shares of Cooper Tire & Rubber in the second quarter worth about $232,000.

Cooper Tire & Rubber Company (CTB) opened at $34.35 on Friday. Cooper Tire & Rubber Company has a 1 year low of $31.55 and a 1 year high of $44.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. The firm has a market cap of $1,761.26, a PE ratio of 8.85, a P/E/G ratio of 1.11 and a beta of -0.01.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.22%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 10.82%.

A number of research analysts have weighed in on CTB shares. BidaskClub downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. FBR & Co reiterated a “buy” rating and issued a $53.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday, September 5th. Deutsche Bank AG upped their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $40.00 price objective on shares of Cooper Tire & Rubber in a research report on Sunday, September 10th. Finally, Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Cooper Tire & Rubber currently has an average rating of “Hold” and a consensus target price of $44.00.

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Cooper Tire & Rubber 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.

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Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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