Robeco Institutional Asset Management B.V. Has $3.41 Million Holdings in Goodyear Tire & Rubber Co (GT)

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Robeco Institutional Asset Management B.V. increased its position in shares of Goodyear Tire & Rubber Co (NASDAQ:GT) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,137 shares of the company’s stock after buying an additional 9,355 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Goodyear Tire & Rubber worth $3,405,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GT. LSV Asset Management boosted its holdings in Goodyear Tire & Rubber by 3.9% during the first quarter. LSV Asset Management now owns 11,110,964 shares of the company’s stock valued at $295,329,000 after purchasing an additional 420,600 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Goodyear Tire & Rubber by 11.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 7,820,968 shares of the company’s stock valued at $207,881,000 after purchasing an additional 821,742 shares in the last quarter. Lyrical Asset Management LP boosted its holdings in Goodyear Tire & Rubber by 3.0% during the fourth quarter. Lyrical Asset Management LP now owns 6,968,097 shares of the company’s stock valued at $225,139,000 after purchasing an additional 200,005 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in Goodyear Tire & Rubber by 13.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 3,367,864 shares of the company’s stock valued at $108,816,000 after purchasing an additional 386,639 shares in the last quarter. Finally, Newport Trust Co boosted its holdings in Goodyear Tire & Rubber by 2.0% during the first quarter. Newport Trust Co now owns 3,192,691 shares of the company’s stock valued at $84,862,000 after purchasing an additional 61,980 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Goodyear Tire & Rubber traded down $0.10, reaching $25.06, during trading on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 1,463,610 shares, compared to its average volume of 3,085,514. Goodyear Tire & Rubber Co has a 52 week low of $24.12 and a 52 week high of $36.52. The company has a current ratio of 1.31, a quick ratio of 0.73 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $6.09 billion, a P/E ratio of 8.03 and a beta of 1.74.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Goodyear Tire & Rubber had a net margin of 1.64% and a return on equity of 14.36%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Goodyear Tire & Rubber’s revenue was up 2.7% on a year-over-year basis. analysts forecast that Goodyear Tire & Rubber Co will post 3.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 1st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.23%. The ex-dividend date was Monday, April 30th. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is presently 17.95%.

A number of research firms have weighed in on GT. Argus reaffirmed a “buy” rating and set a $36.00 price objective on shares of Goodyear Tire & Rubber in a report on Tuesday, May 8th. Jefferies Financial Group set a $38.00 price objective on Goodyear Tire & Rubber and gave the company a “buy” rating in a report on Wednesday, April 4th. ValuEngine downgraded Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BidaskClub downgraded Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 9th. Finally, Citigroup cut their target price on shares of Goodyear Tire & Rubber from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.45.

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. It 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.

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

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