Victory Capital Management Inc. grew its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 39.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,581 shares of the company’s stock after acquiring an additional 14,552 shares during the period. Victory Capital Management Inc.’s holdings in The Goodyear Tire & Rubber were worth $1,715,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Architects Inc raised its stake in The Goodyear Tire & Rubber by 2.2% in the second quarter. Financial Architects Inc now owns 3,546 shares of the company’s stock worth $124,000 after buying an additional 75 shares in the last quarter. First Quadrant L P CA bought a new position in The Goodyear Tire & Rubber in the second quarter worth approximately $130,000. Washington Trust Bank raised its stake in The Goodyear Tire & Rubber by 46.3% in the second quarter. Washington Trust Bank now owns 3,885 shares of the company’s stock worth $136,000 after buying an additional 1,230 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in The Goodyear Tire & Rubber by 143.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock worth $152,000 after buying an additional 2,682 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in The Goodyear Tire & Rubber in the second quarter worth approximately $160,000. 93.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the stock. Jefferies Group LLC set a $36.00 price objective on shares of The Goodyear Tire & Rubber and gave the stock a “buy” rating in a research note on Monday, August 7th. BidaskClub downgraded The Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) set a $29.00 price target on The Goodyear Tire & Rubber and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $46.00 price target (down from $52.00) on shares of The Goodyear Tire & Rubber in a research report on Wednesday, August 2nd. Finally, Guggenheim downgraded The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.55.

In other news, insider Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction on 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 can be accessed through the SEC website. Insiders have sold 22,712 shares of company stock worth $728,079 over the last three months. Corporate insiders own 1.40% of the company’s stock.

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Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at $30.65 on Tuesday. The firm has a market cap of $7,380.00, a price-to-earnings ratio of 9.66, a PEG ratio of 0.84 and a beta of 1.51. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. The Goodyear Tire & Rubber Company has a 1-year low of $28.81 and a 1-year high of $37.20.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. The Goodyear Tire & Rubber had a net margin of 3.37% and a return on equity of 10.57%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. analysts predict that The Goodyear Tire & Rubber Company will post 2.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is 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 dividend yield of 1.83%. The Goodyear Tire & Rubber’s payout ratio is 14.47%.

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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