MetLife Investment Advisors LLC Boosts Position in Cooper Tire & Rubber Co (CTB)

MetLife Investment Advisors LLC increased its stake in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 38.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,107 shares of the company’s stock after buying an additional 9,401 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Cooper Tire & Rubber were worth $965,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CTB. Tower Research Capital LLC TRC acquired a new stake in shares of Cooper Tire & Rubber during the third quarter worth approximately $109,000. Jane Street Group LLC acquired a new stake in shares of Cooper Tire & Rubber during the third quarter worth approximately $201,000. Amalgamated Bank acquired a new stake in shares of Cooper Tire & Rubber during the third quarter worth approximately $208,000. Riverhead Capital Management LLC boosted its holdings in shares of Cooper Tire & Rubber by 48.0% during the third quarter. Riverhead Capital Management LLC now owns 8,320 shares of the company’s stock worth $235,000 after purchasing an additional 2,700 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Cooper Tire & Rubber during the third quarter worth approximately $327,000.

Several analysts recently commented on CTB shares. Wolfe Research started coverage on shares of Cooper Tire & Rubber in a report on Tuesday, October 2nd. They set an “underperform” rating for the company. ValuEngine cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Northcoast Research set a $38.00 price target on shares of Cooper Tire & Rubber and gave the stock a “buy” rating in a report on Tuesday, November 20th. Finally, TheStreet upgraded shares of Cooper Tire & Rubber from a “c+” rating to a “b-” rating in a report on Wednesday, November 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.60.

Shares of CTB opened at $33.01 on Friday. The company has a market cap of $1.63 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 2.98 and a beta of 0.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.55. Cooper Tire & Rubber Co has a twelve month low of $22.58 and a twelve month high of $40.78.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Monday, October 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.62. The firm had revenue of $737.70 million for the quarter, compared to analyst estimates of $748.54 million. Cooper Tire & Rubber had a net margin of 1.25% and a return on equity of 8.58%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. Analysts predict that Cooper Tire & Rubber Co will post 2.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Monday, December 3rd were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, November 30th. Cooper Tire & Rubber’s payout ratio is presently 13.55%.

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Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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