180 Wealth Advisors LLC Sells 86,311 Shares of The Goodyear Tire & Rubber Company $GT

180 Wealth Advisors LLC lowered its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 78.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,911 shares of the company’s stock after selling 86,311 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GT. Envestnet Asset Management Inc. raised its stake in Goodyear Tire & Rubber by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,021 shares of the company’s stock valued at $177,000 after purchasing an additional 1,011 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Goodyear Tire & Rubber by 18.0% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,376 shares of the company’s stock worth $109,000 after acquiring an additional 1,884 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Goodyear Tire & Rubber by 13.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 17,050 shares of the company’s stock worth $128,000 after acquiring an additional 1,990 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Goodyear Tire & Rubber by 1.1% in the third quarter. CANADA LIFE ASSURANCE Co now owns 180,734 shares of the company’s stock valued at $1,353,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in Goodyear Tire & Rubber by 8.6% in the third quarter. Jefferies Financial Group Inc. now owns 32,566 shares of the company’s stock valued at $244,000 after acquiring an additional 2,566 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Morgan Stanley increased their target price on shares of Goodyear Tire & Rubber from $6.88 to $7.30 and gave the company an “underweight” rating in a report on Friday, November 28th. Citigroup lifted their target price on shares of Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Goodyear Tire & Rubber in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.30.

Goodyear Tire & Rubber Stock Performance

NASDAQ:GT opened at $6.45 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.54 and a current ratio of 1.06. The Goodyear Tire & Rubber Company has a fifty-two week low of $6.14 and a fifty-two week high of $12.03. The firm has a market cap of $1.85 billion, a PE ratio of -1.08, a price-to-earnings-growth ratio of 0.27 and a beta of 1.12. The business has a 50 day moving average price of $8.50 and a 200-day moving average price of $8.24.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Goodyear Tire & Rubber had a negative net margin of 9.41% and a positive return on equity of 3.21%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the company earned $0.39 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.