New York State Common Retirement Fund grew its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,900 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.22% of The Goodyear Tire & Rubber worth $17,752,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in The Goodyear Tire & Rubber by 143.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock worth $152,000 after acquiring an additional 2,682 shares in the last quarter. Schroder Investment Management Group purchased a new stake in The Goodyear Tire & Rubber in the 2nd quarter worth $160,000. Pacer Advisors Inc. increased its holdings in The Goodyear Tire & Rubber by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 5,883 shares of the company’s stock worth $206,000 after acquiring an additional 457 shares in the last quarter. Westover Capital Advisors LLC increased its holdings in The Goodyear Tire & Rubber by 5.7% in the 2nd quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock worth $215,000 after acquiring an additional 330 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in The Goodyear Tire & Rubber by 22.4% in the 2nd quarter. Profund Advisors LLC now owns 6,985 shares of the company’s stock worth $244,000 after acquiring an additional 1,277 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at $31.30 on Friday. The Goodyear Tire & Rubber Company has a 1 year low of $28.81 and a 1 year high of $37.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.37 and a quick ratio of 0.76. The company has a market cap of $7,825.81, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52.

The Goodyear Tire & Rubber (NASDAQ:GT) last posted its earnings results on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The Goodyear Tire & Rubber’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities research analysts forecast that The Goodyear Tire & Rubber Company will post 2.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. This represents a $0.56 dividend on an annualized basis and a yield of 1.79%. The Goodyear Tire & Rubber’s dividend payout ratio is 14.47%.

In other The Goodyear Tire & Rubber news, insider Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $33.26, for a total transaction of $249,450.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 30,000 shares of company stock worth $962,625 over the last quarter. Insiders own 1.40% of the company’s stock.

Several equities research analysts recently commented on GT shares. Morgan Stanley reissued a “buy” rating and issued a $46.00 price target on shares of The Goodyear Tire & Rubber in a report on Monday, September 11th. KeyCorp reaffirmed a “buy” rating and set a $37.00 target price on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and set a $36.00 target price on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Zacks Investment Research raised shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a report on Monday, October 9th. Finally, BidaskClub raised shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.70.

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The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

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Institutional Ownership by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

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