Inspire Investing LLC Sells 1,495 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Inspire Investing LLC lowered its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 50,304 shares of the company’s stock after selling 1,495 shares during the period. Inspire Investing LLC’s holdings in Goodyear Tire & Rubber were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in Goodyear Tire & Rubber in the fourth quarter valued at approximately $349,000. 180 Wealth Advisors LLC raised its holdings in shares of Goodyear Tire & Rubber by 96.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company’s stock valued at $217,000 after acquiring an additional 11,823 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Goodyear Tire & Rubber by 4.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company’s stock valued at $306,000 after acquiring an additional 1,434 shares in the last quarter. Fidelity D & D Bancorp Inc. raised its holdings in shares of Goodyear Tire & Rubber by 3.2% during the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock valued at $283,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Goodyear Tire & Rubber by 11.0% during the third quarter. Franklin Resources Inc. now owns 135,131 shares of the company’s stock valued at $1,139,000 after acquiring an additional 13,349 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

GT has been the subject of a number of recent analyst reports. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.30.

Goodyear Tire & Rubber Price Performance

Shares of GT stock opened at $9.40 on Friday. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -9.04 and a beta of 1.80. The business’s fifty day moving average is $9.43 and its 200 day moving average is $9.20. The Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $14.97. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Research analysts expect that The Goodyear Tire & Rubber Company will post 1.05 EPS for the current fiscal year.

About Goodyear Tire & Rubber

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.