LSV Asset Management Sells 190,294 Shares of The Goodyear Tire & Rubber Company $GT

LSV Asset Management decreased its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,884,853 shares of the company’s stock after selling 190,294 shares during the quarter. LSV Asset Management owned approximately 1.71% of Goodyear Tire & Rubber worth $36,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Goodyear Tire & Rubber by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 169,601 shares of the company’s stock worth $1,567,000 after purchasing an additional 7,453 shares in the last quarter. United Services Automobile Association acquired a new stake in Goodyear Tire & Rubber in the first quarter worth about $163,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Goodyear Tire & Rubber by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 657,411 shares of the company’s stock worth $6,074,000 after acquiring an additional 15,064 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Goodyear Tire & Rubber by 5.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 46,440 shares of the company’s stock worth $482,000 after acquiring an additional 2,597 shares during the last quarter. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Goodyear Tire & Rubber during the second quarter valued at about $96,000. 84.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GT has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Goodyear Tire & Rubber from $6.88 to $7.30 and gave the stock an “underweight” rating in a research note on Friday, November 28th. Zacks Research lowered Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Goodyear Tire & Rubber in a report on Monday, December 29th. Citigroup increased their price target on shares of Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Goodyear Tire & Rubber from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.98.

Goodyear Tire & Rubber Trading Up 1.1%

GT opened at $9.44 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.57. The Goodyear Tire & Rubber Company has a 52 week low of $6.51 and a 52 week high of $12.03. The business’s 50 day moving average is $9.19 and its two-hundred day moving average is $8.49. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -1.58, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Goodyear Tire & Rubber had a positive return on equity of 3.21% and a negative net margin of 9.41%.The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. On average, research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS 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.