Foundry Partners LLC increased its position in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,431 shares of the company’s stock after purchasing an additional 20,704 shares during the period. Foundry Partners LLC owned 0.57% of Cooper Tire & Rubber worth $11,049,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CTB. UBS Asset Management Americas Inc. raised its holdings in Cooper Tire & Rubber by 8.7% during the first quarter. UBS Asset Management Americas Inc. now owns 42,635 shares of the company’s stock worth $1,891,000 after purchasing an additional 3,401 shares in the last quarter. OppenheimerFunds Inc. bought a new stake in Cooper Tire & Rubber during the first quarter worth approximately $789,000. Teachers Advisors LLC raised its holdings in Cooper Tire & Rubber by 1.2% during the first quarter. Teachers Advisors LLC now owns 441,191 shares of the company’s stock worth $19,567,000 after purchasing an additional 5,319 shares in the last quarter. Legal & General Group Plc raised its holdings in Cooper Tire & Rubber by 28.8% during the first quarter. Legal & General Group Plc now owns 70,796 shares of the company’s stock worth $3,138,000 after purchasing an additional 15,814 shares in the last quarter. Finally, Thrivent Financial For Lutherans bought a new stake in Cooper Tire & Rubber during the first quarter worth approximately $440,000.

Shares of Cooper Tire & Rubber Company (NYSE CTB) traded down $0.65 during trading hours on Friday, reaching $32.00. 707,705 shares of the company were exchanged, compared to its average volume of 707,601. The stock has a market capitalization of $1.67 billion, a P/E ratio of 8.38, a PEG ratio of 1.04 and a beta of -0.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 1.63.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.33. The firm had revenue of $733.80 million during the quarter, compared to analyst estimates of $779.02 million. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. Cooper Tire & Rubber’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. research analysts expect that Cooper Tire & Rubber Company will post 3.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is presently 10.82%.

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Several research firms have issued reports on CTB. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday. FBR & Co reissued a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday. BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. KeyCorp reissued a “buy” rating and set a $42.00 target price on shares of Cooper Tire & Rubber in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.86.

Cooper Tire & Rubber 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.

Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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