The Goodyear Tire & Rubber Company (NASDAQ:GT) SVP Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $32.12, for a total value of $240,900.00. Following the sale, the senior vice president now directly owns 51,848 shares in the company, valued at $1,665,357.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, November 1st, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $30.53, for a total value of $228,975.00.
  • On Monday, October 2nd, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $33.26, for a total value of $249,450.00.
  • On Monday, September 18th, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $32.44, for a total value of $243,300.00.

Shares of The Goodyear Tire & Rubber Company (NASDAQ GT) traded up $0.15 on Tuesday, reaching $32.22. The company’s stock had a trading volume of 2,633,068 shares, compared to its average volume of 2,904,895. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.37. The Goodyear Tire & Rubber Company has a one year low of $28.81 and a one year high of $37.20. The firm has a market capitalization of $7,912.03, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.90 and a beta of 1.52.

The Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. analysts anticipate that The Goodyear Tire & Rubber Company will post 2.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, October 31st. This is an increase from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 14.47%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GT. Louisiana State Employees Retirement System lifted its position in shares of The Goodyear Tire & Rubber by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the company’s stock valued at $545,000 after acquiring an additional 100 shares in the last quarter. NGAM Advisors L.P. lifted its position in The Goodyear Tire & Rubber by 5.1% during the second quarter. NGAM Advisors L.P. now owns 26,791 shares of the company’s stock worth $937,000 after buying an additional 1,304 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in The Goodyear Tire & Rubber by 14.7% during the second quarter. Janney Montgomery Scott LLC now owns 13,596 shares of the company’s stock worth $475,000 after buying an additional 1,747 shares in the last quarter. Sei Investments Co. lifted its position in The Goodyear Tire & Rubber by 28.1% during the second quarter. Sei Investments Co. now owns 56,284 shares of the company’s stock worth $1,966,000 after buying an additional 12,354 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in The Goodyear Tire & Rubber by 34.6% during the second quarter. Stratos Wealth Partners LTD. now owns 11,905 shares of the company’s stock worth $416,000 after buying an additional 3,062 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Several brokerages have commented on GT. BidaskClub raised The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Saturday, October 21st. KeyCorp reissued a “buy” rating and issued a $37.00 price objective on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Jefferies Group reissued a “buy” rating and issued a $36.00 price objective on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Zacks Investment Research raised The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a report on Monday, October 9th. Finally, J P Morgan Chase & Co dropped their price objective on The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The Goodyear Tire & Rubber has an average rating of “Hold” and a consensus target price of $37.70.

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The Goodyear Tire & Rubber Company Profile

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)

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