The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. trimmed its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 755,105 shares of the company’s stock after selling 50,984 shares during the period. Goodyear Tire & Rubber accounts for about 1.7% of KLCM Advisors Inc.’s holdings, making the stock its 22nd biggest holding. KLCM Advisors Inc. owned 0.27% of Goodyear Tire & Rubber worth $10,813,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Inspire Investing LLC grew its holdings in shares of Goodyear Tire & Rubber by 3.0% in the third quarter. Inspire Investing LLC now owns 28,396 shares of the company’s stock valued at $353,000 after purchasing an additional 818 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Goodyear Tire & Rubber by 27.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,018 shares of the company’s stock valued at $44,000 after purchasing an additional 862 shares during the period. CWM LLC grew its holdings in shares of Goodyear Tire & Rubber by 26.4% in the third quarter. CWM LLC now owns 4,644 shares of the company’s stock valued at $58,000 after purchasing an additional 971 shares during the period. Creative Planning grew its holdings in shares of Goodyear Tire & Rubber by 8.1% in the second quarter. Creative Planning now owns 13,250 shares of the company’s stock valued at $142,000 after purchasing an additional 998 shares during the period. Finally, Ancora Advisors LLC grew its holdings in shares of Goodyear Tire & Rubber by 71.4% in the first quarter. Ancora Advisors LLC now owns 2,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Goodyear Tire & Rubber Stock Down 0.3 %

GT stock traded down $0.04 during midday trading on Wednesday, reaching $12.14. 771,412 shares of the company were exchanged, compared to its average volume of 3,725,140. The company has a quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. The Goodyear Tire & Rubber Company has a 1-year low of $10.12 and a 1-year high of $16.50. The stock’s 50-day simple moving average is $12.66 and its 200 day simple moving average is $13.18.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. The company had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Goodyear Tire & Rubber had a negative net margin of 3.43% and a positive return on equity of 1.16%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. Analysts forecast that The Goodyear Tire & Rubber Company will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

Goodyear Tire & Rubber 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.