Signaturefd LLC Acquires 2,510 Shares of The Goodyear Tire & Rubber Company $GT

Signaturefd LLC raised its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 125.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,508 shares of the company’s stock after buying an additional 2,510 shares during the quarter. Signaturefd LLC’s holdings in Goodyear Tire & Rubber were worth $47,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Goodyear Tire & Rubber by 147.5% in the 1st quarter. GAMMA Investing LLC now owns 2,809 shares of the company’s stock valued at $26,000 after buying an additional 1,674 shares during the period. UMB Bank n.a. increased its holdings in Goodyear Tire & Rubber by 125.9% in the 1st quarter. UMB Bank n.a. now owns 3,136 shares of the company’s stock valued at $29,000 after buying an additional 1,748 shares during the period. Cloud Capital Management LLC bought a new stake in Goodyear Tire & Rubber in the 1st quarter valued at $33,000. Farther Finance Advisors LLC increased its holdings in Goodyear Tire & Rubber by 1,799.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,083 shares of the company’s stock valued at $37,000 after buying an additional 3,868 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Goodyear Tire & Rubber by 72.8% in the 1st quarter. Parallel Advisors LLC now owns 5,822 shares of the company’s stock valued at $54,000 after buying an additional 2,452 shares during the period. Institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Down 2.1%

Shares of NASDAQ GT opened at $7.56 on Tuesday. The firm’s 50-day simple moving average is $8.60 and its 200 day simple moving average is $9.88. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The Goodyear Tire & Rubber Company has a 12-month low of $7.41 and a 12-month high of $12.03.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Thursday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.31). Goodyear Tire & Rubber had a net margin of 2.22% and a return on equity of 3.17%. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, research analysts expect that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GT shares. Hsbc Global Res downgraded shares of Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. BNP Paribas Exane restated a “neutral” rating and issued a $9.00 target price on shares of Goodyear Tire & Rubber in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Goodyear Tire & Rubber from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. HSBC restated a “hold” rating and issued a $9.50 target price (down previously from $15.50) on shares of Goodyear Tire & Rubber in a research note on Wednesday, August 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Goodyear Tire & Rubber in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.93.

Goodyear Tire & Rubber Company Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.