Ironwood Investment Management LLC Has $791,000 Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Ironwood Investment Management LLC increased its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 49.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,900 shares of the company’s stock after buying an additional 29,000 shares during the quarter. Ironwood Investment Management LLC’s holdings in Goodyear Tire & Rubber were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Goodyear Tire & Rubber by 251.8% during the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company’s stock worth $40,000 after buying an additional 3,059 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Goodyear Tire & Rubber in the third quarter worth approximately $45,000. Newbridge Financial Services Group Inc. bought a new stake in Goodyear Tire & Rubber in the fourth quarter valued at approximately $54,000. Private Trust Co. NA increased its position in Goodyear Tire & Rubber by 110.4% during the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock valued at $62,000 after purchasing an additional 3,700 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Goodyear Tire & Rubber during the 4th quarter worth approximately $79,000. Institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

GT has been the topic of a number of analyst reports. Argus raised shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 18th. TD Cowen initiated coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They set a “buy” rating and a $14.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Finally, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Goodyear Tire & Rubber has a consensus rating of “Moderate Buy” and an average target price of $13.18.

Goodyear Tire & Rubber Price Performance

Shares of NASDAQ GT opened at $9.15 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $9.14 and its 200-day moving average price is $8.98. The firm has a market capitalization of $2.61 billion, a P/E ratio of 38.13 and a beta of 1.71. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $13.86.

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