HPM Partners LLC raised its position in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 23.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,034 shares of the company’s stock after acquiring an additional 1,539 shares during the period. HPM Partners LLC’s holdings in Cooper Tire & Rubber were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capstone Asset Management Co. purchased a new stake in Cooper Tire & Rubber during the 1st quarter valued at $318,000. Louisiana State Employees Retirement System purchased a new stake in Cooper Tire & Rubber during the 1st quarter valued at $590,000. Retirement Systems of Alabama purchased a new stake in Cooper Tire & Rubber during the 1st quarter valued at $3,016,000. Profund Advisors LLC purchased a new stake in Cooper Tire & Rubber during the 1st quarter valued at $481,000. Finally, ProShare Advisors LLC raised its holdings in Cooper Tire & Rubber by 20.1% during the 1st quarter. ProShare Advisors LLC now owns 11,117 shares of the company’s stock valued at $493,000 after buying an additional 1,860 shares during the period. 94.58% of the stock is currently owned by institutional investors and hedge funds.

Cooper Tire & Rubber Company (CTB) opened at 33.45 on Monday. The stock’s 50 day moving average price is $34.94 and its 200-day moving average price is $38.25. Cooper Tire & Rubber Company has a 52-week low of $32.78 and a 52-week high of $44.50. The company has a market cap of $1.75 billion, a P/E ratio of 9.25 and a beta of -0.03.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.105 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.26%. Cooper Tire & Rubber’s dividend payout ratio is presently 11.67%.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC set a $40.00 price target on Cooper Tire & Rubber and gave the company a “hold” rating in a report on Monday, August 7th. Deutsche Bank AG increased their price target on Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Standpoint Research upgraded Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.00.

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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.

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

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