The The Goodyear Tire & Rubber Company (GT) Shares Bought by Morgan Stanley

Marco Green
December 18, 2017

The stock increased 4.18% or $1.78 during the last trading session, reaching $44.39. Blackrock Inc invested in 5.16M shares. It has outperformed by 1.82% the S&P500. Diamond Hill Capital Management Inc who had been investing in Goodyear Tire & Rubber Co. for a number of months, seems to be bullish on the $7.75 billion market cap company.

Davenport & Company Llc increased its stake in Gt (GT) by 10.96% based on its latest 2017Q2 regulatory filing with the SEC. After $0.71 actual EPS reported by The Goodyear Tire & Rubber Company for the previous quarter, Wall Street now forecasts 2.82 % EPS growth. The stock increased 1.02% or $0.35 during the last trading session, reaching $34.5. About 3.64 million shares traded or 26.58% up from the average.

More notable recent The Goodyear Tire & Rubber Company (NASDAQ:GT) news were published by: Seekingalpha.com which released: "Goodyear Tire Is A Buy" on November 28, 2017, also Nasdaq.com with their article: "Bear of the Day: Goodyear Tire & Rubber (GT)" published on December 15, 2017, Nasdaq.com published: "Urban Outfitters, Goodyear Tire & Rubber, 21st Century Fox, Walt Disney and ..." on December 15, 2017. It has outperformed by 0.56% the S&P500.

Investors sentiment increased to 1.14 in 2017 Q2. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley reiterated a "buy" rating and issued a $46.00 price target on shares of The Goodyear Tire & Rubber in a report on Monday, September 11th. National Pension Service holds 0% or 2,690 shares. Westover Capital Advisors LLC now owns 6,139 shares of the company's stock valued at $215,000 after acquiring an additional 330 shares in the last quarter. Glg Prtn Limited Partnership stated it has 201,838 shares.

The Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings results on Friday, October 27th. 11,243 were accumulated by Brown Advisory Incorporated. Federated Pa holds 0.02% or 152,705 shares in its portfolio. Kennedy Capital Management holds 0.31% in The Goodyear Tire & Rubber Company (NASDAQ:GT) or 461,540 shares. Manchester Capital Mngmt Limited Com stated it has 1,904 shares or 0.01% of all its holdings. Anchor Bolt Cap Lp holds 1.94M shares. The Goodyear Tire & Rubber Company (NASDAQ:GT) has risen 17.26% since December 16, 2016 and is uptrending. First Pacific Advisors Ltd has 0.02% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 65,200 shares. Metropolitan Life New York owns 0.03% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 122,088 shares. The Goodyear Tire & Rubber Company (NASDAQ:GT) has risen 17.26% since December 17, 2016 and is uptrending. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) earned "Buy" rating by Jefferies on Friday, July 28. Therefore 50% are positive. Finally, BidaskClub raised The Goodyear Tire & Rubber from a "sell" rating to a "hold" rating in a research note on Saturday, October 21st. As per Tuesday, June 27, the company rating was maintained by BMO Capital Markets. This is a boost from The Goodyear Tire & Rubber's previous quarterly dividend of $0.10. The rating was maintained by Jefferies with "Buy" on Monday, August 7. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2, indicating analysts in general look favorably on the company's future prospects. Berenberg initiated the shares of GT in report on Tuesday, November 22 with "Buy" rating. The company was downgraded on Wednesday, March 30 by Standpoint Research.

Since August 15, 2017, it had 0 insider buys, and 4 selling transactions for $507,858 activity. Shares for $6,355 were sold by McClellan Stephen R on Thursday, August 24.

Icm Asset Management Inc, which manages about $79.81M US Long portfolio, upped its stake in Hudbay Minerals Inc. During the same period in the previous year, the firm posted $1.17 EPS. equities analysts expect that The Goodyear Tire & Rubber will post 2.88 earnings per share for the current year. The company reported $0.74 EPS for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.78%. Tiaa Cref Inv Lc holds 0% or 142,818 shares in its portfolio. 77 funds opened positions while 125 raised stakes. Nordea Mgmt owns 95,576 shares. State Of New Jersey Common Pension Fund D holds 0.04% or 250,000 shares. Millennium Management Ltd holds 0.02% or 319,245 shares in its portfolio. Sheets Smith Wealth Management holds 0.06% or 6,160 shares. Price T Rowe Associates Inc Md stated it has 0.02% of its portfolio in FMC Corporation (NYSE:FMC). Janney Montgomery Scott LLC raised its holdings in shares of The Goodyear Tire & Rubber by 14.7% in the second quarter. Dnb Asset Mngmt As has invested 0% in FMC Corporation (NYSE:FMC). Clearbridge Invests Ltd has 1.41 million shares. 5,302 are owned by Comm National Bank. Jefferies has "Buy" rating and $3600 target. FMC Tech had 85 analyst reports since July 23, 2015 according to SRatingsIntel. The Goodyear Tire & Rubber has a 12-month low of $28.81 and a 12-month high of $37.20. Shareholders of record on Wednesday, November 1st were given a $0.14 dividend. The stock has "Buy" rating by Standpoint Research on Thursday, January 14. The firm has "Hold" rating given on Tuesday, July 18 by Seaport Global. The rating was maintained by JP Morgan with "Overweight" on Monday, October 30. The firm earned "Underweight" rating on Wednesday, October 18 by Barclays Capital.

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