Leeward Investments LLC MA Trims Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Leeward Investments LLC MA lessened its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,852 shares of the company’s stock after selling 1,666 shares during the quarter. Leeward Investments LLC MA’s holdings in Goodyear Tire & Rubber were worth $4,176,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI lifted its stake in Goodyear Tire & Rubber by 2,944.7% during the 1st quarter. National Bank of Canada FI now owns 1,666,708 shares of the company’s stock worth $21,600,000 after acquiring an additional 1,611,966 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Goodyear Tire & Rubber by 91.5% during the second quarter. AQR Capital Management LLC now owns 2,536,252 shares of the company’s stock worth $28,203,000 after purchasing an additional 1,211,519 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Goodyear Tire & Rubber by 16.2% in the second quarter. American Century Companies Inc. now owns 7,257,765 shares of the company’s stock valued at $82,376,000 after purchasing an additional 1,013,550 shares during the period. Vanguard Group Inc. boosted its position in Goodyear Tire & Rubber by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,867,596 shares of the company’s stock valued at $410,082,000 after buying an additional 765,529 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Goodyear Tire & Rubber in the second quarter worth $8,492,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GT has been the topic of several analyst reports. StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Tuesday. Wolfe Research downgraded Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.23.

Goodyear Tire & Rubber Stock Up 3.4 %

Shares of NASDAQ:GT opened at $9.83 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm has a 50 day simple moving average of $8.36 and a 200-day simple moving average of $10.18. The company has a market capitalization of $2.80 billion, a PE ratio of -9.45 and a beta of 1.69. The Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $15.24.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.69%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Goodyear Tire & Rubber’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities analysts predict that The Goodyear Tire & Rubber Company will post 1.06 EPS for the current fiscal year.

About Goodyear Tire & Rubber

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.