The Goodyear Tire & Rubber Company (GT) Shares Bought by Worth Venture Partners LLC

Worth Venture Partners LLC lifted its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,600 shares of the company’s stock after acquiring an additional 3,400 shares during the period. The Goodyear Tire & Rubber accounts for approximately 0.9% of Worth Venture Partners LLC’s holdings, making the stock its 22nd biggest position. Worth Venture Partners LLC’s holdings in The Goodyear Tire & Rubber were worth $984,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its stake in The Goodyear Tire & Rubber by 143.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock valued at $152,000 after purchasing an additional 2,682 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in The Goodyear Tire & Rubber by 5.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,228,322 shares of the company’s stock valued at $42,943,000 after purchasing an additional 62,499 shares during the last quarter. Prudential Financial Inc. lifted its stake in The Goodyear Tire & Rubber by 47.0% during the second quarter. Prudential Financial Inc. now owns 976,079 shares of the company’s stock valued at $34,124,000 after purchasing an additional 312,298 shares during the last quarter. Shell Asset Management Co. lifted its stake in The Goodyear Tire & Rubber by 100.3% during the third quarter. Shell Asset Management Co. now owns 98,801 shares of the company’s stock valued at $2,231,000 after purchasing an additional 49,484 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in The Goodyear Tire & Rubber by 1.6% during the second quarter. Legal & General Group Plc now owns 1,349,022 shares of the company’s stock valued at $47,164,000 after purchasing an additional 20,952 shares during the last quarter. 91.93% of the stock is owned by institutional investors.

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In other The Goodyear Tire & Rubber news, SVP Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $30.53, for a total value of $228,975.00. Following the transaction, the senior vice president now owns 59,348 shares in the company, valued at approximately $1,811,894.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 22,712 shares of company stock worth $728,079. Company insiders own 1.40% of the company’s stock.

The Goodyear Tire & Rubber Company (NASDAQ:GT) traded up $0.16 during trading on Tuesday, reaching $29.23. 2,379,400 shares of the company’s stock traded hands, compared to its average volume of 2,908,089. The firm has a market cap of $7,160.73, a price-to-earnings ratio of 9.38, a PEG ratio of 0.81 and a beta of 1.51. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. The Goodyear Tire & Rubber Company has a 1 year low of $28.81 and a 1 year high of $37.20.

The Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. research analysts expect that The Goodyear Tire & Rubber Company will post 2.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The Goodyear Tire & Rubber’s dividend payout ratio is currently 14.47%.

Several analysts recently commented on the stock. J P Morgan Chase & Co cut their target price on shares of The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. Deutsche Bank AG lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Friday, July 28th. BidaskClub upgraded shares of The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on shares of The Goodyear Tire & Rubber and gave the company a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.55.

About The Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

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

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