Henderson Group PLC Has $1,429,000 Position in Goodyear Tire & Rubber Co (GT)

Henderson Group PLC continued to hold its stake in Goodyear Tire & Rubber Co (NASDAQ:GT) during the first quarter, Holdings Channel reports. The fund owned 39,706 shares of the company’s stock at the end of the first quarter. Henderson Group PLC’s holdings in Goodyear Tire & Rubber Co were worth $1,429,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in GT. Financial Architects Inc raised its position in shares of Goodyear Tire & Rubber Co by 101.5% in the first quarter. Financial Architects Inc now owns 3,471 shares of the company’s stock worth $125,000 after buying an additional 1,748 shares during the last quarter. Diligent Investors LLC purchased a new position in shares of Goodyear Tire & Rubber Co during the fourth quarter worth $205,000. Virtus Investment Advisers Inc. purchased a new position in shares of Goodyear Tire & Rubber Co during the third quarter worth $219,000. Suntrust Banks Inc. purchased a new position in shares of Goodyear Tire & Rubber Co during the third quarter worth $222,000. Finally, Ardsley Advisory Partners purchased a new position in shares of Goodyear Tire & Rubber Co during the third quarter worth $226,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Goodyear Tire & Rubber Co (NASDAQ:GT)

Goodyear Tire & Rubber Co (NASDAQ:GT) traded up 0.56% on Friday, hitting $32.24. The stock had a trading volume of 775,971 shares. The stock’s 50 day moving average is $35.03 and its 200 day moving average is $33.15. Goodyear Tire & Rubber Co has a one year low of $24.31 and a one year high of $37.20. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 6.80 and a beta of 1.42.

Goodyear Tire & Rubber Co (NASDAQ:GT) last announced its earnings results on Friday, April 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. Goodyear Tire & Rubber Co had a net margin of 8.34% and a return on equity of 23.51%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. Analysts anticipate that Goodyear Tire & Rubber Co will post $4.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 27th. This represents a $0.40 annualized dividend and a yield of 1.25%. Goodyear Tire & Rubber Co’s dividend payout ratio (DPR) is 8.40%.

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A number of brokerages have weighed in on GT. Goldman Sachs Group Inc lowered Goodyear Tire & Rubber Co from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $33.00 in a report on Thursday, March 30th. They noted that the move was a valuation call. Jefferies Group LLC lowered Goodyear Tire & Rubber Co from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a report on Friday, February 24th. Zacks Investment Research lowered Goodyear Tire & Rubber Co from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Citigroup Inc raised their price objective on Goodyear Tire & Rubber Co from $36.00 to $41.00 and gave the company a “buy” rating in a report on Friday, April 7th. Finally, Standpoint Research lowered Goodyear Tire & Rubber Co from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.14.

In other Goodyear Tire & Rubber Co news, insider Stephen R. Mcclellan sold 6,250 shares of Goodyear Tire & Rubber Co stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $35.25, for a total transaction of $220,312.50. Following the transaction, the insider now owns 90,599 shares of the company’s stock, valued at $3,193,614.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard J. Noechel sold 4,721 shares of Goodyear Tire & Rubber Co stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $36.89, for a total transaction of $174,157.69. Following the transaction, the senior vice president now directly owns 63,852 shares in the company, valued at approximately $2,355,500.28. The disclosure for this sale can be found here. Insiders have sold 17,221 shares of company stock valued at $615,220 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Goodyear Tire & Rubber Co Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

5 Day Chart for NASDAQ:GT

Want to see what other hedge funds are holding GT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goodyear Tire & Rubber Co (NASDAQ:GT).

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