Taking a Fresh Look at The Goodyear Tire & Rubber Company (GT)

Taking a Fresh Look at The Goodyear Tire & Rubber Company (GT)

The correct version of this news story can be viewed at https://sportsperspectives.com/2017/06/13/dai-ichi-life-insurance-company-ltd-takes-position-in-goodyear-tire-rubber-co-gt-updated-updated.html. Northwestern Mutual Wealth Management Co. raised its stake in The Goodyear Tire & Rubber Company by 21.3% in the first quarter.

The Goodyear Tire & Rubber Company was covered by a number of analysts recently, 5 rated the stock as Buy, 3 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell.

The Goodyear Tire & Rubber Company (NASDAQ:GT) last released its quarterly earnings results on Friday, April 28th. Wilen Investment Management CORP. now owns 417,192 shares of the company’s stock valued at $13,142,000 after buying an additional 8,156 shares during the period. Finally, Massachusetts Financial Services Co. Massachusetts Financial Services Co. The Third Avenue Management Llc holds 852,594 shares with $26.96M value, up from 787,625 last quarter. Institutional investors own 92.77% of the company’s stock. The rating was downgraded by Standpoint Research on Wednesday, March 30 to “Hold”. The average volume stands around 2.71 million shares. The company has a market cap of $9.00 billion, a PE ratio of 7.59 and a beta of 1.61.

Over the past 50 days, The Goodyear Tire & Rubber Company stock was -3.77% off of the high and 12.85% removed from the low. NOECHEL RICHARD J sold $174,137 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, March 15. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The company had revenue of $643.03 million during the quarter, compared to analyst estimates of $687.92 million. Employees Retirement System Of Texas invested 0.01% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT). During the same quarter in the previous year, the business posted $1.05 earnings per share. Equities research analysts predict that The Goodyear Tire & Rubber Company will post $4.00 EPS for the current year. Stockholders of record on Thursday, June 1st will be paid a $0.105 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, April 27th. Cooper Tire & Rubber Company’s payout ratio is now 10.45%.

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Several research analysts recently commented on GT shares. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has “Overweight” rating given on Thursday, April 7 by KeyBanc Capital Markets.

The Goodyear Tire & Rubber Company (NASDAQ:GT)’s stock has been a favorite of “smart money” aka institutions, as of late. Jefferies Group LLC set a $40.00 price target on The Goodyear Tire & Rubber Company and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Goldman Sachs Group, Inc. Standpoint Research downgraded Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, October 28 to “Hold” rating. They noted that the move was a valuation call. On September 6 the stock rating was upgraded to “Buy” from “Hold” in a statement from Deutsche Bank. The stock was sold at an average price of $35.25, for a total transaction of $220,312.50. Following the completion of the sale, the insider now directly owns 84,349 shares of the company’s stock, valued at approximately $2,979,206.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen R. Mcclellan sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The disclosure for this sale can be found here. Following the completion of the sale, the senior vice president now owns 63,852 shares of the company’s stock, valued at $2,355,500.28. As per Tuesday, January 5, the company rating was maintained by Oddo & Cie.

Emerson Electric Co.is a diversified global manufacturing company, which provides solutions to clients by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through three segments. In certain geographic areas it also retreads truck, aviation and off-the-road (OTR) tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products, and provides automotive and commercial fix services and miscellaneous other products and services.