180 Wealth Advisors LLC Has $217,000 Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

180 Wealth Advisors LLC increased its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 96.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,120 shares of the company’s stock after buying an additional 11,823 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $217,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 4.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company’s stock worth $306,000 after purchasing an additional 1,434 shares during the period. Fidelity D & D Bancorp Inc. lifted its stake in Goodyear Tire & Rubber by 3.2% in the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock valued at $283,000 after acquiring an additional 1,000 shares during the last quarter. Franklin Resources Inc. lifted its stake in Goodyear Tire & Rubber by 11.0% in the third quarter. Franklin Resources Inc. now owns 135,131 shares of the company’s stock valued at $1,139,000 after acquiring an additional 13,349 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Goodyear Tire & Rubber in the third quarter valued at approximately $45,000. Finally, Geode Capital Management LLC lifted its stake in Goodyear Tire & Rubber by 1.2% in the third quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company’s stock valued at $62,438,000 after acquiring an additional 86,227 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GT has been the subject of a number of analyst reports. StockNews.com cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.30.

Goodyear Tire & Rubber Price Performance

Shares of Goodyear Tire & Rubber stock opened at $9.37 on Thursday. The firm has a fifty day simple moving average of $9.47 and a 200-day simple moving average of $9.27. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $14.97. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -9.01 and a beta of 1.80.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the company earned $0.36 earnings per share. Goodyear Tire & Rubber’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts expect that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current year.

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. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.