Dimensional Fund Advisors LP Sells 381,936 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Dimensional Fund Advisors LP decreased its position in The Goodyear Tire & Rubber Company (NASDAQ:GTGet Rating) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,829,670 shares of the company’s stock after selling 381,936 shares during the period. Dimensional Fund Advisors LP owned approximately 4.21% of Goodyear Tire & Rubber worth $252,206,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GT. O Shaughnessy Asset Management LLC grew its stake in shares of Goodyear Tire & Rubber by 41.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,573 shares of the company’s stock worth $28,000 after acquiring an additional 459 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Goodyear Tire & Rubber in the 4th quarter worth approximately $29,000. CWM LLC purchased a new position in shares of Goodyear Tire & Rubber in the fourth quarter valued at $36,000. Newbridge Financial Services Group Inc. increased its holdings in Goodyear Tire & Rubber by 27.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,300 shares of the company’s stock worth $49,000 after acquiring an additional 500 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Goodyear Tire & Rubber during the 4th quarter valued at about $52,000. Institutional investors own 86.06% of the company’s stock.

A number of equities analysts have issued reports on GT shares. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Friday, April 15th. JPMorgan Chase & Co. raised shares of Goodyear Tire & Rubber from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $25.00 to $23.00 in a report on Monday, February 14th. Nomura Instinet upgraded Goodyear Tire & Rubber from a “reduce” rating to a “neutral” rating and upped their price target for the stock from $14.00 to $15.00 in a research note on Monday, February 14th. BNP Paribas began coverage on Goodyear Tire & Rubber in a research report on Monday, April 11th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley reduced their target price on shares of Goodyear Tire & Rubber from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 16th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.86.

NASDAQ:GT opened at $14.31 on Thursday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 5.28 and a beta of 1.88. The Goodyear Tire & Rubber Company has a 1-year low of $11.64 and a 1-year high of $24.89. The firm’s fifty day moving average price is $13.70 and its 200 day moving average price is $18.35. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 0.57.

Goodyear Tire & Rubber (NASDAQ:GTGet Rating) last released its quarterly earnings results on Friday, February 11th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.30. Goodyear Tire & Rubber had a return on equity of 12.63% and a net margin of 4.37%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the business posted $0.44 earnings per share. Goodyear Tire & Rubber’s revenue was up 38.2% compared to the same quarter last year. As a group, analysts expect that The Goodyear Tire & Rubber Company will post 2.33 earnings per share for the current fiscal year.

Goodyear Tire & Rubber Profile (Get Rating)

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 tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands.

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

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