Goodyear Tire & Rubber Co (GT) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY cut its position in shares of Goodyear Tire & Rubber Co (NASDAQ:GT) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,846 shares of the company’s stock after selling 716 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Goodyear Tire & Rubber were worth $691,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lyrical Asset Management LP grew its holdings in shares of Goodyear Tire & Rubber by 8.7% in the 3rd quarter. Lyrical Asset Management LP now owns 8,239,556 shares of the company’s stock worth $192,723,000 after acquiring an additional 659,212 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Goodyear Tire & Rubber by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,952,083 shares of the company’s stock worth $141,894,000 after acquiring an additional 253,943 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Goodyear Tire & Rubber by 30.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,158,198 shares of the company’s stock worth $105,278,000 after acquiring an additional 1,218,993 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Goodyear Tire & Rubber by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 3,515,759 shares of the company’s stock worth $71,647,000 after acquiring an additional 226,311 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Goodyear Tire & Rubber by 1,711.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,329,973 shares of the company’s stock worth $163,000 after acquiring an additional 3,146,166 shares during the last quarter. Institutional investors own 88.35% of the company’s stock.

GT opened at $18.68 on Tuesday. The firm has a market cap of $4.22 billion, a P/E ratio of 8.05, a PEG ratio of -1.67 and a beta of 1.50. Goodyear Tire & Rubber Co has a 1 year low of $17.30 and a 1 year high of $28.34. The company has a quick ratio of 0.64, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, February 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.04 billion. Goodyear Tire & Rubber had a net margin of 4.48% and a return on equity of 11.17%. Goodyear Tire & Rubber’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. As a group, analysts predict that Goodyear Tire & Rubber Co will post 2.21 earnings per share for the current year.

A number of brokerages have recently weighed in on GT. ValuEngine upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Monday, January 21st. Zacks Investment Research downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Morgan Stanley set a $19.00 price target on Goodyear Tire & Rubber and gave the company a “hold” rating in a report on Tuesday, January 29th. Longbow Research downgraded Goodyear Tire & Rubber from a “neutral” rating to an “underperform” rating and set a $14.00 price target on the stock. in a report on Monday, February 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $25.00 price target on shares of Goodyear Tire & Rubber in a report on Tuesday, February 5th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.56.

In related news, Director Werner Geissler purchased 35,000 shares of Goodyear Tire & Rubber stock in a transaction on Wednesday, February 13th. The stock was bought at an average price of $18.65 per share, with a total value of $652,750.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $932,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

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Goodyear Tire & Rubber Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

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Institutional Ownership by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

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