Savant Capital LLC boosted its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,303 shares of the company’s stock after buying an additional 282 shares during the period. Savant Capital LLC’s holdings in The Goodyear Tire & Rubber were worth $325,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its stake in The Goodyear Tire & Rubber by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,962 shares of the company’s stock valued at $234,000 after buying an additional 286 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in The Goodyear Tire & Rubber during the first quarter valued at about $258,000. Huntington National Bank raised its stake in The Goodyear Tire & Rubber by 1.3% in the first quarter. Huntington National Bank now owns 7,554 shares of the company’s stock valued at $272,000 after buying an additional 97 shares in the last quarter. Sanders Morris Harris Inc. bought a new stake in The Goodyear Tire & Rubber during the first quarter valued at about $2,653,000. Finally, Quantitative Systematic Strategies LLC raised its stake in The Goodyear Tire & Rubber by 48.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 50,909 shares of the company’s stock valued at $1,833,000 after buying an additional 16,666 shares in the last quarter. 94.10% of the stock is owned by institutional investors.

The Goodyear Tire & Rubber Company (GT) opened at 30.23 on Tuesday. The stock has a market capitalization of $7.61 billion, a P/E ratio of 6.59 and a beta of 1.53. The Goodyear Tire & Rubber Company has a 12 month low of $26.82 and a 12 month high of $37.20. The stock has a 50 day moving average price of $33.98 and a 200 day moving average price of $34.50.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Friday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.05. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.70 billion. The Goodyear Tire & Rubber had a return on equity of 18.94% and a net margin of 7.95%. The Goodyear Tire & Rubber’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. Equities analysts predict that The Goodyear Tire & Rubber Company will post $3.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, July 28th. The Goodyear Tire & Rubber’s dividend payout ratio is currently 8.77%.

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GT has been the subject of several recent research reports. Morgan Stanley raised The Goodyear Tire & Rubber from an “underweight” rating to an “overweight” rating in a report on Thursday, June 1st. Zacks Investment Research raised The Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday, April 17th. BidaskClub lowered The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Jefferies Group LLC set a $40.00 price target on The Goodyear Tire & Rubber and gave the company a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine lowered The Goodyear Tire & Rubber from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.10.

In other The Goodyear Tire & Rubber news, insider Stephen R. Mcclellan sold 6,250 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $35.46, for a total transaction of $221,625.00. Following the sale, the insider now directly owns 71,849 shares of the company’s stock, valued at approximately $2,547,765.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

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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