Vanguard Personalized Indexing Management LLC Has $482,000 Stock Position in The Goodyear Tire & Rubber Company $GT

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,440 shares of the company’s stock after buying an additional 2,597 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Goodyear Tire & Rubber were worth $482,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GT. GAMMA Investing LLC grew its position in Goodyear Tire & Rubber by 147.5% during the first 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. Ameritas Advisory Services LLC bought a new position in Goodyear Tire & Rubber during the second quarter valued at about $29,000. Cloud Capital Management LLC bought a new position in Goodyear Tire & Rubber during the first quarter valued at about $33,000. Farther Finance Advisors LLC grew its position in Goodyear Tire & Rubber by 1,799.1% during the first 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, Signaturefd LLC grew its position in Goodyear Tire & Rubber by 125.6% during the second quarter. Signaturefd LLC now owns 4,508 shares of the company’s stock valued at $47,000 after buying an additional 2,510 shares during the period. Institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

GT has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Goodyear Tire & Rubber from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday. BNP Paribas lowered shares of Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 8th. Citigroup began coverage on shares of Goodyear Tire & Rubber in a research report on Monday, September 8th. They set a “neutral” rating and a $10.00 price target for the company. HSBC reiterated a “hold” rating and set a $9.50 target price (down previously from $15.50) on shares of Goodyear Tire & Rubber in a research report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Goodyear Tire & Rubber in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Goodyear Tire & Rubber Trading Down 1.5%

Shares of GT opened at $7.04 on Thursday. The firm’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $9.68. The company has a market capitalization of $2.01 billion, a P/E ratio of 4.96, a P/E/G ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.15 and a quick ratio of 0.63. The Goodyear Tire & Rubber Company has a 1-year low of $6.51 and a 1-year high of $12.03.

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

About Goodyear Tire & Rubber

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.