Bank of Montreal Can Sells 757,821 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Bank of Montreal Can decreased its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 77.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 218,257 shares of the company’s stock after selling 757,821 shares during the period. Bank of Montreal Can’s holdings in Goodyear Tire & Rubber were worth $1,914,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GT. American Century Companies Inc. boosted its holdings in Goodyear Tire & Rubber by 16.2% in the second quarter. American Century Companies Inc. now owns 7,257,765 shares of the company’s stock worth $82,376,000 after acquiring an additional 1,013,550 shares in the last quarter. Victory Capital Management Inc. grew its position in Goodyear Tire & Rubber by 3,921.7% during the 3rd quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company’s stock worth $42,051,000 after purchasing an additional 4,633,368 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in Goodyear Tire & Rubber by 13.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company’s stock worth $36,301,000 after purchasing an additional 484,198 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Goodyear Tire & Rubber by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,532,990 shares of the company’s stock valued at $31,267,000 after purchasing an additional 252,960 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Goodyear Tire & Rubber by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 2,715,149 shares of the company’s stock worth $30,817,000 after buying an additional 71,410 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

GT has been the topic of several research analyst reports. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Wolfe Research lowered Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th.

Goodyear Tire & Rubber Stock Down 7.6 %

GT stock opened at $9.99 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of -9.61 and a beta of 1.77. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $15.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14. The firm’s 50 day moving average price is $9.09 and its 200-day moving average price is $9.83.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.25 by $0.12. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. On average, equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.09 EPS 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.