Vontobel Holding Ltd. Sells 44,410 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Vontobel Holding Ltd. decreased its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 60.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,908 shares of the company’s stock after selling 44,410 shares during the period. Vontobel Holding Ltd.’s holdings in Goodyear Tire & Rubber were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GT. Wilmington Savings Fund Society FSB bought a new position in shares of Goodyear Tire & Rubber in the 3rd quarter valued at about $45,000. Newbridge Financial Services Group Inc. purchased a new stake in Goodyear Tire & Rubber in the 4th quarter worth about $54,000. Private Trust Co. NA raised its position in Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock worth $62,000 after purchasing an additional 3,700 shares during the period. Apollon Wealth Management LLC purchased a new stake in Goodyear Tire & Rubber in the 3rd quarter worth about $92,000. Finally, AM Squared Ltd purchased a new stake in Goodyear Tire & Rubber in the 3rd quarter worth about $92,000. Institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GT. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Argus raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday. Finally, StockNews.com raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.98.

Goodyear Tire & Rubber Stock Performance

Shares of NASDAQ:GT opened at $9.98 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 41.59 and a beta of 1.79. The firm’s 50 day simple moving average is $9.04 and its 200-day simple moving average is $8.89. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $13.86. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. As a group, equities analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Goodyear Tire & Rubber Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.