The Goodyear Tire & Rubber Company (GT) Shares Bought by Psagot Investment House Ltd.

Psagot Investment House Ltd. lifted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 311.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,700 shares of the company’s stock after acquiring an additional 8,100 shares during the quarter. Psagot Investment House Ltd.’s holdings in The Goodyear Tire & Rubber were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Louisiana State Employees Retirement System grew its holdings in The Goodyear Tire & Rubber by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the company’s stock valued at $545,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its holdings in shares of The Goodyear Tire & Rubber by 0.3% in the second quarter. Arizona State Retirement System now owns 62,479 shares of the company’s stock worth $2,184,000 after acquiring an additional 200 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of The Goodyear Tire & Rubber by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 9,560 shares of the company’s stock worth $334,000 after acquiring an additional 280 shares during the period. Savant Capital LLC boosted its holdings in shares of The Goodyear Tire & Rubber by 3.1% in the second quarter. Savant Capital LLC now owns 9,303 shares of the company’s stock worth $325,000 after acquiring an additional 282 shares during the period. Finally, Westover Capital Advisors LLC boosted its holdings in shares of The Goodyear Tire & Rubber by 5.7% in the second quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock worth $215,000 after acquiring an additional 330 shares during the period. 94.76% of the stock is owned by institutional investors.

A number of research firms have recently commented on GT. ValuEngine raised The Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. BidaskClub lowered The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Guggenheim lowered The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Wednesday, November 1st. Zacks Investment Research lowered The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co dropped their price objective on The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. 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 issued a strong buy rating to the stock. The Goodyear Tire & Rubber has a consensus rating of “Hold” and a consensus target price of $37.70.

Shares of The Goodyear Tire & Rubber Company (GT) opened at $31.36 on Thursday. The Goodyear Tire & Rubber Company has a 12-month low of $28.81 and a 12-month high of $37.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.37. The firm has a market capitalization of $7,936.66, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52.

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

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

In other The Goodyear Tire & Rubber news, insider Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $33.26, for a total transaction of $249,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 30,000 shares of company stock worth $962,625 in the last 90 days. Company insiders own 1.40% of the company’s stock.

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About The Goodyear Tire & Rubber

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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