Legal & General Group Plc lifted its stake in Goodyear Tire & Rubber Co (NASDAQ:GT) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,262,422 shares of the company’s stock after acquiring an additional 34,738 shares during the quarter. Legal & General Group Plc owned 0.54% of Goodyear Tire & Rubber worth $25,766,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Globeflex Capital L P grew its holdings in shares of Goodyear Tire & Rubber by 52.0% in the fourth quarter. Globeflex Capital L P now owns 23,306 shares of the company’s stock worth $476,000 after purchasing an additional 7,976 shares during the last quarter. CSat Investment Advisory L.P. grew its holdings in shares of Goodyear Tire & Rubber by 58.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,467 shares of the company’s stock worth $50,000 after purchasing an additional 914 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC bought a new position in shares of Goodyear Tire & Rubber in the fourth quarter worth about $889,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Goodyear Tire & Rubber in the fourth quarter worth about $613,000. Finally, Gotham Asset Management LLC grew its holdings in shares of Goodyear Tire & Rubber by 72.1% in the fourth quarter. Gotham Asset Management LLC now owns 423,117 shares of the company’s stock worth $8,636,000 after purchasing an additional 177,215 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.
In other news, Director Werner Geissler acquired 35,000 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were acquired at an average price of $18.65 per share, with a total value of $652,750.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $932,500. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.
NASDAQ:GT traded down $0.01 during midday trading on Wednesday, hitting $20.08. The company’s stock had a trading volume of 2,827,661 shares, compared to its average volume of 4,886,680. The company has a market cap of $4.72 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of -1.98 and a beta of 1.50. Goodyear Tire & Rubber Co has a fifty-two week low of $17.30 and a fifty-two week high of $26.53. The company has a current ratio of 1.24, a quick ratio of 0.64 and a debt-to-equity ratio of 1.01.
Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Friday, February 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.04 billion. Goodyear Tire & Rubber had a return on equity of 11.17% and a net margin of 4.48%. Goodyear Tire & Rubber’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Equities research analysts predict that Goodyear Tire & Rubber Co will post 2.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.19%. Goodyear Tire & Rubber’s payout ratio is 27.59%.
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Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.
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