Aviso Wealth Management Sells 57,553 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Aviso Wealth Management trimmed its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 80.2% in the 4th quarter, Holdings Channel reports. The fund owned 14,200 shares of the company’s stock after selling 57,553 shares during the quarter. Aviso Wealth Management’s holdings in Goodyear Tire & Rubber were worth $128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GT. Allworth Financial LP grew its holdings in shares of Goodyear Tire & Rubber by 251.8% during the fourth quarter. Allworth Financial LP now owns 4,274 shares of the company’s stock valued at $40,000 after buying an additional 3,059 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Goodyear Tire & Rubber in the 3rd quarter worth $45,000. Signaturefd LLC boosted its position in shares of Goodyear Tire & Rubber by 61.2% during the fourth quarter. Signaturefd LLC now owns 5,259 shares of the company’s stock valued at $47,000 after buying an additional 1,997 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Goodyear Tire & Rubber in the 4th quarter worth about $54,000. Finally, Private Trust Co. NA lifted its stake in Goodyear Tire & Rubber by 110.4% during the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock valued at $62,000 after acquiring an additional 3,700 shares during the period. Institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GT shares. TD Cowen began coverage on shares of Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a “buy” rating and a $14.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Argus raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.18.

Goodyear Tire & Rubber Stock Down 1.3 %

Shares of GT opened at $9.34 on Wednesday. The firm has a market cap of $2.66 billion, a PE ratio of 38.92 and a beta of 1.71. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average is $9.21 and its two-hundred day moving average is $9.03. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $13.86.

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

Goodyear Tire & Rubber 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.