The Goodyear Tire & Rubber Company (NASDAQ:GT) insider Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $33.26, for a total transaction of $249,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jean Claude Kihn also recently made the following trade(s):

  • On Monday, September 18th, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The shares were sold at an average price of $32.44, for a total transaction of $243,300.00.
  • On Tuesday, August 15th, Jean Claude Kihn sold 289 shares of The Goodyear Tire & Rubber stock. The shares were sold at an average price of $30.32, for a total transaction of $8,762.48.

Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) traded up 0.15% during mid-day trading on Wednesday, hitting $33.36. 1,475,167 shares of the company were exchanged. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 7.27 and a beta of 1.56. The Goodyear Tire & Rubber Company has a 12-month low of $26.82 and a 12-month high of $37.20. The firm has a 50 day moving average of $31.37 and a 200 day moving average of $33.66.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results on Friday, July 28th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The Goodyear Tire & Rubber had a net margin of 7.95% and a return on equity of 18.94%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.70 billion. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 earnings per share. Equities research analysts forecast that The Goodyear Tire & Rubber Company will post $3.04 earnings per share for the current year.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/04/the-goodyear-tire-rubber-company-gt-insider-jean-claude-kihn-sells-7500-shares-2.html.

A number of analysts recently weighed in on GT shares. BidaskClub downgraded shares of The Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Guggenheim started coverage on shares of The Goodyear Tire & Rubber in a research report on Wednesday, June 21st. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Investment Research downgraded shares of The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC upgraded shares of The Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, June 20th. Finally, CLSA started coverage on shares of The Goodyear Tire & Rubber in a research report on Wednesday, June 21st. They issued a “buy” rating and a $39.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The Goodyear Tire & Rubber presently has an average rating of “Hold” and an average price target of $38.22.

Institutional investors have recently bought and sold shares of the business. Financial Architects Inc boosted its holdings in shares of The Goodyear Tire & Rubber by 2.2% during the 2nd quarter. Financial Architects Inc now owns 3,546 shares of the company’s stock worth $124,000 after buying an additional 75 shares in the last quarter. First Quadrant L P CA bought a new position in shares of The Goodyear Tire & Rubber during the 2nd quarter worth approximately $130,000. Washington Trust Bank boosted its holdings in shares of The Goodyear Tire & Rubber by 46.3% during the 2nd quarter. Washington Trust Bank now owns 3,885 shares of the company’s stock worth $136,000 after buying an additional 1,230 shares in the last quarter. Exane Derivatives boosted its holdings in shares of The Goodyear Tire & Rubber by 204,800.0% during the 2nd quarter. Exane Derivatives now owns 4,098 shares of the company’s stock worth $143,000 after buying an additional 4,096 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of The Goodyear Tire & Rubber during the 2nd quarter worth approximately $160,000. Hedge funds and other institutional investors own 90.33% of the company’s stock.

About The Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Insider Buying and Selling by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

Receive News & Ratings for The Goodyear Tire & Rubber Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goodyear Tire & Rubber Company and related companies with MarketBeat.com's FREE daily email newsletter.