Crossmark Global Holdings Inc. Has $338,000 Holdings in Cooper Tire & Rubber Co (CTB)

Crossmark Global Holdings Inc. raised its position in Cooper Tire & Rubber Co (NYSE:CTB) by 37.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,859 shares of the company’s stock after acquiring an additional 3,470 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Cooper Tire & Rubber were worth $338,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC purchased a new position in shares of Cooper Tire & Rubber in the first quarter valued at about $137,000. Trilogy Capital Inc. purchased a new position in shares of Cooper Tire & Rubber in the first quarter valued at about $160,000. Fiduciary Trust Co. purchased a new position in shares of Cooper Tire & Rubber in the first quarter valued at about $206,000. GSA Capital Partners LLP purchased a new position in shares of Cooper Tire & Rubber in the first quarter valued at about $257,000. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of Cooper Tire & Rubber by 54.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 10,394 shares of the company’s stock valued at $305,000 after acquiring an additional 3,679 shares during the period.

Shares of NYSE CTB opened at $28.95 on Tuesday. Cooper Tire & Rubber Co has a 1 year low of $22.58 and a 1 year high of $40.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.58. The stock has a market cap of $1.50 billion, a P/E ratio of 14.04, a P/E/G ratio of 5.36 and a beta of 0.66.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Cooper Tire & Rubber had a net margin of 1.53% and a return on equity of 9.24%. The company had revenue of $698.00 million for the quarter, compared to analysts’ expectations of $679.75 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. Cooper Tire & Rubber’s quarterly revenue was down 3.2% on a year-over-year basis. equities analysts predict that Cooper Tire & Rubber Co will post 1.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 4th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, August 31st. Cooper Tire & Rubber’s dividend payout ratio is currently 13.55%.

A number of research firms have issued reports on CTB. ValuEngine upgraded shares of Cooper Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of Cooper Tire & Rubber from $40.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 1st. B. Riley decreased their price objective on shares of Cooper Tire & Rubber from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, May 1st. Northcoast Research restated a “buy” rating on shares of Cooper Tire & Rubber in a research report on Monday, June 25th. Finally, Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.00.

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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