American Trust Has $195,000 Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

American Trust increased its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GTGet Rating) by 6.2% during the first quarter, Holdings Channel reports. The institutional investor owned 13,670 shares of the company’s stock after purchasing an additional 800 shares during the quarter. American Trust’s holdings in Goodyear Tire & Rubber were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC raised its stake in shares of Goodyear Tire & Rubber by 142.9% in the first quarter. Ancora Advisors LLC now owns 1,700 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. First Quadrant LLC CA bought a new position in shares of Goodyear Tire & Rubber in the first quarter valued at approximately $30,000. Byrne Asset Management LLC bought a new position in shares of Goodyear Tire & Rubber in the fourth quarter valued at approximately $46,000. CWM LLC raised its stake in shares of Goodyear Tire & Rubber by 43.1% in the first quarter. CWM LLC now owns 2,433 shares of the company’s stock valued at $35,000 after acquiring an additional 733 shares during the last quarter. Finally, Activest Wealth Management bought a new position in shares of Goodyear Tire & Rubber in the first quarter valued at approximately $46,000. 80.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on GT shares. StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $19.00 to $15.00 in a research report on Monday, July 18th. Finally, Citigroup boosted their price objective on shares of Goodyear Tire & Rubber to $16.00 in a research report on Monday, August 15th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.33.

Goodyear Tire & Rubber Price Performance

Shares of GT stock opened at $13.13 on Tuesday. The Goodyear Tire & Rubber Company has a 12-month low of $10.33 and a 12-month high of $24.89. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 3.98 and a beta of 1.80. The company has a quick ratio of 0.68, a current ratio of 1.30 and a debt-to-equity ratio of 1.42. The firm has a fifty day moving average of $13.22 and a 200-day moving average of $12.85.

Goodyear Tire & Rubber (NASDAQ:GTGet Rating) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Goodyear Tire & Rubber had a net margin of 4.71% and a return on equity of 11.87%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 31.0% on a year-over-year basis. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 2.14 earnings per share for the current year.

Goodyear Tire & Rubber Company 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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