Strs Ohio trimmed its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,100 shares of the company’s stock after selling 4,300 shares during the period. Strs Ohio’s holdings in Goodyear Tire & Rubber were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Goodyear Tire & Rubber during the third quarter worth about $125,650,000. Electron Capital Partners LLC acquired a new stake in shares of Goodyear Tire & Rubber during the third quarter worth about $51,031,000. One Fin Capital Management LP acquired a new stake in shares of Goodyear Tire & Rubber during the third quarter worth about $15,600,000. American Century Companies Inc. increased its position in shares of Goodyear Tire & Rubber by 24.9% during the third quarter. American Century Companies Inc. now owns 4,774,601 shares of the company’s stock worth $59,348,000 after purchasing an additional 953,047 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Goodyear Tire & Rubber by 322.4% during the third quarter. Barclays PLC now owns 1,146,756 shares of the company’s stock worth $14,254,000 after purchasing an additional 875,300 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.
Goodyear Tire & Rubber Stock Performance
Shares of GT stock opened at $11.89 on Tuesday. The stock has a market capitalization of $3.38 billion, a PE ratio of -4.93 and a beta of 1.85. The Goodyear Tire & Rubber Company has a 52-week low of $10.12 and a 52-week high of $16.50. The stock’s 50-day moving average price is $12.51 and its 200 day moving average price is $13.18. The company has a quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41.
Analyst Ratings Changes
Separately, StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.
Check Out Our Latest Stock Report on Goodyear Tire & Rubber
About Goodyear Tire & Rubber
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.
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