180 Wealth Advisors LLC Lowers Stake in The Goodyear Tire & Rubber Company $GT

180 Wealth Advisors LLC lessened its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 78.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,911 shares of the company’s stock after selling 86,311 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Greenvale Capital LLP purchased a new stake in shares of Goodyear Tire & Rubber in the 2nd quarter worth approximately $106,292,000. Marshall Wace LLP boosted its holdings in Goodyear Tire & Rubber by 1,107.5% in the second quarter. Marshall Wace LLP now owns 7,825,605 shares of the company’s stock worth $81,152,000 after acquiring an additional 7,177,542 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Goodyear Tire & Rubber in the third quarter worth $32,301,000. Maple Rock Capital Partners Inc. increased its holdings in shares of Goodyear Tire & Rubber by 215.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 5,561,846 shares of the company’s stock valued at $57,676,000 after acquiring an additional 3,799,383 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Goodyear Tire & Rubber during the second quarter valued at $29,112,000. Institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Morgan Stanley raised their price objective on shares of Goodyear Tire & Rubber from $6.88 to $7.30 and gave the company an “underweight” rating in a research note on Friday, November 28th. Zacks Research downgraded shares of Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Goodyear Tire & Rubber in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.30.

Goodyear Tire & Rubber Price Performance

GT opened at $6.45 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.54 and a current ratio of 1.06. The stock has a market capitalization of $1.85 billion, a P/E ratio of -1.08, a P/E/G ratio of 0.27 and a beta of 1.12. The company’s 50-day simple moving average is $8.50 and its two-hundred day simple moving average is $8.24. The Goodyear Tire & Rubber Company has a 52-week low of $6.14 and a 52-week high of $12.03.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Goodyear Tire & Rubber had a positive return on equity of 3.21% and a negative net margin of 9.41%.The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.