KBC Group NV cut its position in Cooper Tire & Rubber Company (NYSE:CTB) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,642 shares of the company’s stock after selling 12,970 shares during the period. KBC Group NV owned approximately 0.08% of Cooper Tire & Rubber worth $1,612,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Cooper Tire & Rubber by 36,940.2% in the first quarter. BlackRock Inc. now owns 5,771,600 shares of the company’s stock worth $255,971,000 after buying an additional 5,756,018 shares during the last quarter. Royce & Associates LP raised its position in shares of Cooper Tire & Rubber by 39.0% in the first quarter. Royce & Associates LP now owns 2,586,294 shares of the company’s stock worth $114,702,000 after buying an additional 726,152 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Cooper Tire & Rubber during the second quarter worth approximately $25,270,000. State Street Corp raised its position in shares of Cooper Tire & Rubber by 57.0% in the first quarter. State Street Corp now owns 1,758,619 shares of the company’s stock worth $77,994,000 after buying an additional 638,424 shares during the last quarter. Finally, Fairpointe Capital LLC raised its position in shares of Cooper Tire & Rubber by 26.3% in the first quarter. Fairpointe Capital LLC now owns 2,940,825 shares of the company’s stock worth $130,426,000 after buying an additional 613,045 shares during the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Tire & Rubber Company (NYSE CTB) opened at 33.80 on Wednesday. Cooper Tire & Rubber Company has a 12-month low of $33.05 and a 12-month high of $44.50. The company’s 50 day moving average is $35.83 and its 200 day moving average is $38.47. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.35 and a beta of -0.02.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The business had revenue of $720.75 million for the quarter, compared to analyst estimates of $775 million. During the same quarter in the previous year, the firm earned $1.27 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Cooper Tire & Rubber Company will post $3.40 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.105 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.24%. Cooper Tire & Rubber’s dividend payout ratio is presently 11.67%.

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A number of equities analysts have recently commented on CTB shares. Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 target price on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Finally, Deutsche Bank AG increased their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.00.

Cooper Tire & Rubber Company 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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