Nomura Holdings Inc. lowered its stake in shares of Goodyear Tire & Rubber Co (NASDAQ:GT) by 55.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,200 shares of the company’s stock after selling 21,132 shares during the period. Nomura Holdings Inc.’s holdings in Goodyear Tire & Rubber were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management raised its holdings in shares of Goodyear Tire & Rubber by 2.1% in the 2nd quarter. LSV Asset Management now owns 11,346,089 shares of the company’s stock worth $264,250,000 after acquiring an additional 235,125 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Goodyear Tire & Rubber by 5.3% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 8,234,533 shares of the company’s stock worth $191,782,000 after acquiring an additional 413,565 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Goodyear Tire & Rubber by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,903,172 shares of the company’s stock worth $160,787,000 after acquiring an additional 290,006 shares during the last quarter. Sound Shore Management Inc. CT raised its holdings in shares of Goodyear Tire & Rubber by 15.5% in the 2nd quarter. Sound Shore Management Inc. CT now owns 5,815,665 shares of the company’s stock worth $135,447,000 after acquiring an additional 778,961 shares during the last quarter. Finally, Levin Capital Strategies L.P. raised its holdings in shares of Goodyear Tire & Rubber by 199.2% in the 2nd quarter. Levin Capital Strategies L.P. now owns 3,752,409 shares of the company’s stock worth $87,394,000 after acquiring an additional 2,498,420 shares during the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

A number of equities research analysts have issued reports on GT shares. ValuEngine downgraded shares of Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Northcoast Research reaffirmed a “buy” rating on shares of Goodyear Tire & Rubber in a research report on Monday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, July 13th. Finally, Goldman Sachs Group downgraded shares of Goodyear Tire & Rubber from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Goodyear Tire & Rubber has a consensus rating of “Hold” and an average target price of $29.33.

Shares of GT stock opened at $23.32 on Thursday. Goodyear Tire & Rubber Co has a 52-week low of $20.75 and a 52-week high of $36.07. The company has a quick ratio of 0.75, a current ratio of 1.36 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 7.47 and a beta of 1.73.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Friday, July 27th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. Goodyear Tire & Rubber had a net margin of 1.69% and a return on equity of 14.04%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities analysts expect that Goodyear Tire & Rubber Co will post 2.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Tuesday, July 31st. Goodyear Tire & Rubber’s dividend payout ratio is currently 17.95%.

Goodyear Tire & Rubber Profile

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, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

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

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