Boston Partners Purchases New Position in Cooper Tire & Rubber Co (CTB)

Boston Partners purchased a new position in shares of Cooper Tire & Rubber Co (NYSE:CTB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 427,003 shares of the company’s stock, valued at approximately $15,095,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CTB. PNC Financial Services Group Inc. lifted its stake in Cooper Tire & Rubber by 7.2% during the second quarter. PNC Financial Services Group Inc. now owns 13,388 shares of the company’s stock worth $484,000 after purchasing an additional 905 shares during the period. Thrivent Financial For Lutherans lifted its stake in Cooper Tire & Rubber by 8.5% during the second quarter. Thrivent Financial For Lutherans now owns 10,750 shares of the company’s stock worth $388,000 after purchasing an additional 840 shares during the period. Vanguard Group Inc. lifted its stake in Cooper Tire & Rubber by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after purchasing an additional 20,738 shares during the period. FMR LLC raised its stake in shares of Cooper Tire & Rubber by 6.9% in the second quarter. FMR LLC now owns 1,142,126 shares of the company’s stock valued at $41,230,000 after acquiring an additional 73,732 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Cooper Tire & Rubber in the second quarter valued at approximately $243,000.

Cooper Tire & Rubber Co (CTB) opened at $36.75 on Friday. Cooper Tire & Rubber Co has a one year low of $31.55 and a one year high of $44.50. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1,961.22, a P/E ratio of 9.86 and a beta of 0.17.

A number of research firms have recently issued reports on CTB. Northcoast Research upgraded shares of Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and issued a $35.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. Longbow Research began coverage on shares of Cooper Tire & Rubber in a research note on Wednesday, January 31st. They issued a “buy” rating and a $50.00 target price for the company. ValuEngine upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, FBR & Co reiterated a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Cooper Tire & Rubber has an average rating of “Buy” and an average price target of $45.88.

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Cooper Tire & Rubber Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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