Goodyear Tire & Rubber Co (GT) : Tradewinds Global Investors scooped up 208,766 additional shares in Goodyear Tire & Rubber Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 930,258 shares of Goodyear Tire & Rubber Co which is valued at $27,256,559.Goodyear Tire & Rubber Co makes up approximately 1.65% of Tradewinds Global Investors’s portfolio.
Other Hedge Funds, Including , Focused Wealth Management Inc added GT to its portfolio by purchasing 6,450 company shares during the most recent quarter which is valued at $188,985. Goodyear Tire & Rubber Co makes up approx 0.08% of Focused Wealth Management Inc’s portfolio.World Asset Management Inc boosted its stake in GT in the latest quarter, The investment management firm added 266 additional shares and now holds a total of 26,541 shares of Goodyear Tire & Rubber Co which is valued at $741,025. Goodyear Tire & Rubber Co makes up approx 0.03% of World Asset Management Inc’s portfolio.Concert Wealth Management boosted its stake in GT in the latest quarter, The investment management firm added 1,663 additional shares and now holds a total of 8,689 shares of Goodyear Tire & Rubber Co which is valued at $249,114. Goodyear Tire & Rubber Co makes up approx 0.03% of Concert Wealth Management’s portfolio.Traynor Capital Management reduced its stake in GT by selling 8,636 shares or 47.4% in the most recent quarter. The Hedge Fund company now holds 9,584 shares of GT which is valued at $278,799. Goodyear Tire & Rubber Co makes up approx 0.20% of Traynor Capital Management’s portfolio. Goelzer Investment Management sold out all of its stake in GT during the most recent quarter. The investment firm sold 114,534 shares of GT which is valued $3,098,145.
Goodyear Tire & Rubber Co opened for trading at $28.95 and hit $29.42 on the upside on Friday, eventually ending the session at $29.18, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 29,69,192 shares. Company has a market cap of $7,658 M.
On the company’s financial health, Goodyear Tire & Rubber Co reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.02. The company had revenue of $3879.00 million for the quarter, compared to analysts expectations of $3921.47 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.
Many Wall Street Analysts have commented on Goodyear Tire & Rubber Co. Goodyear Tire & Rubber Co was Upgraded by Standpoint Research to ” Buy” on May 20, 2016.
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company’s business is the development manufacture distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe Middle East and Africa (EMEA); Latin America and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles motorcycles trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear Dunlop Kelly Debica Sava and Fulda brands and various other Goodyear owned-house brands and the private-label brands of certain customers.