Gamco Investors INC. ET AL Increases Position in Cooper Tire & Rubber Co (NYSE:CTB)

Gamco Investors INC. ET AL lifted its holdings in Cooper Tire & Rubber Co (NYSE:CTB) by 2.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 308,232 shares of the company’s stock after buying an additional 8,200 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.62% of Cooper Tire & Rubber worth $8,723,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Brand Asset Management Group Inc. bought a new stake in Cooper Tire & Rubber in the 2nd quarter valued at about $107,000. Oppenheimer & Co. Inc. bought a new stake in Cooper Tire & Rubber in the 2nd quarter valued at about $230,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Cooper Tire & Rubber in the 2nd quarter valued at about $281,000. Brandes Investment Partners LP acquired a new position in Cooper Tire & Rubber during the 2nd quarter valued at about $285,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Cooper Tire & Rubber during the 2nd quarter valued at about $311,000.

Shares of Cooper Tire & Rubber stock traded up $0.08 during trading on Monday, hitting $34.28. The stock had a trading volume of 546,700 shares, compared to its average volume of 783,126. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.55 and a quick ratio of 1.59. The company has a market cap of $1.71 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 4.12 and a beta of 0.62. Cooper Tire & Rubber Co has a 1 year low of $22.58 and a 1 year high of $40.78.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings results on Monday, October 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.45 by $0.62. The business had revenue of $737.70 million during the quarter, compared to analysts’ expectations of $748.54 million. Cooper Tire & Rubber had a net margin of 1.25% and a return on equity of 8.58%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. On average, analysts expect that Cooper Tire & Rubber Co will post 2.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 3rd will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is currently 13.55%.

CTB has been the topic of several research analyst reports. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Longbow Research reissued a “hold” rating on shares of Cooper Tire & Rubber in a research note on Monday, August 6th. ValuEngine raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Wolfe Research raised shares of Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a research note on Monday, November 12th. Finally, TheStreet raised shares of Cooper Tire & Rubber from a “c+” rating to a “b-” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.60.

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Cooper Tire & Rubber Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

Featured Article: Outstanding Shares

Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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