LSV Asset Management Has $104.37 Million Stock Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

LSV Asset Management decreased its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,288,094 shares of the company’s stock after selling 326,551 shares during the period. LSV Asset Management owned about 2.57% of Goodyear Tire & Rubber worth $104,366,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP acquired a new position in shares of Goodyear Tire & Rubber during the 3rd quarter worth $125,650,000. American Century Companies Inc. grew its stake in Goodyear Tire & Rubber by 24.9% in the 3rd quarter. American Century Companies Inc. now owns 4,774,601 shares of the company’s stock valued at $59,348,000 after buying an additional 953,047 shares during the last quarter. Electron Capital Partners LLC bought a new position in Goodyear Tire & Rubber in the 3rd quarter worth $51,031,000. Newport Trust Company LLC raised its holdings in Goodyear Tire & Rubber by 1.2% in the 3rd quarter. Newport Trust Company LLC now owns 3,490,557 shares of the company’s stock worth $43,388,000 after acquiring an additional 41,563 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Goodyear Tire & Rubber by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,163,390 shares of the company’s stock worth $39,321,000 after acquiring an additional 83,881 shares during the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Goodyear Tire & Rubber Trading Down 0.8 %

GT traded down $0.10 during midday trading on Friday, hitting $12.24. The company had a trading volume of 3,731,217 shares, compared to its average volume of 2,699,479. The Goodyear Tire & Rubber Company has a twelve month low of $10.12 and a twelve month high of $16.50. The firm’s 50-day simple moving average is $12.48 and its 200-day simple moving average is $13.15. The company has a current ratio of 1.07, a quick ratio of 0.55 and a debt-to-equity ratio of 1.41.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.11. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts forecast that The Goodyear Tire & Rubber Company will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Goodyear Tire & Rubber currently has an average rating of “Moderate Buy” and an average target price of $17.16.

Goodyear Tire & Rubber Company Profile

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.