Huber Capital Management LLC Grows Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Huber Capital Management LLC boosted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 271.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,200 shares of the company’s stock after acquiring an additional 150,700 shares during the period. Huber Capital Management LLC’s holdings in Goodyear Tire & Rubber were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Fidelity D & D Bancorp Inc. lifted its stake in shares of Goodyear Tire & Rubber by 3.2% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock worth $283,000 after purchasing an additional 1,000 shares during the last quarter. Truist Financial Corp raised its holdings in Goodyear Tire & Rubber by 5.2% in the fourth quarter. Truist Financial Corp now owns 22,753 shares of the company’s stock worth $205,000 after purchasing an additional 1,115 shares in the last quarter. Amalgamated Bank lifted its position in shares of Goodyear Tire & Rubber by 0.9% during the fourth quarter. Amalgamated Bank now owns 127,390 shares of the company’s stock valued at $1,147,000 after buying an additional 1,156 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Goodyear Tire & Rubber by 11.3% in the 4th quarter. Sanctuary Advisors LLC now owns 11,901 shares of the company’s stock valued at $110,000 after buying an additional 1,209 shares in the last quarter. Finally, Barnett & Company Inc. grew its position in shares of Goodyear Tire & Rubber by 1.4% in the 4th quarter. Barnett & Company Inc. now owns 95,700 shares of the company’s stock worth $861,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GT. Deutsche Bank Aktiengesellschaft raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Monday. Argus raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, February 18th. TD Cowen assumed coverage on Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a “buy” rating and a $14.00 target price on the stock. Finally, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Goodyear Tire & Rubber currently has an average rating of “Moderate Buy” and an average target price of $13.78.

Goodyear Tire & Rubber Stock Up 2.0 %

Goodyear Tire & Rubber stock opened at $9.12 on Thursday. The business’s 50-day simple moving average is $9.18 and its two-hundred day simple moving average is $9.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04. The company has a market cap of $2.60 billion, a PE ratio of 38.00 and a beta of 1.49. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $13.78.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. Equities analysts anticipate that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Goodyear Tire & Rubber Profile

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.