John G Ullman & Associates Inc. Increases Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

John G Ullman & Associates Inc. grew its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 268.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,300 shares of the company’s stock after purchasing an additional 47,600 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Goodyear Tire & Rubber were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in Goodyear Tire & Rubber during the second quarter valued at $26,000. Mather Group LLC. grew its stake in shares of Goodyear Tire & Rubber by 4,526.3% during the 2nd quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock valued at $30,000 after acquiring an additional 2,580 shares during the period. Sound Income Strategies LLC increased its holdings in Goodyear Tire & Rubber by 2,122.5% in the 3rd quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock worth $35,000 after acquiring an additional 3,778 shares in the last quarter. Beach Investment Counsel Inc. PA bought a new stake in Goodyear Tire & Rubber during the 2nd quarter worth approximately $40,000. Finally, MUFG Securities EMEA plc purchased a new position in Goodyear Tire & Rubber during the second quarter valued at approximately $57,000. Institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GT. StockNews.com downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th.

Goodyear Tire & Rubber Trading Down 0.5 %

Shares of NASDAQ:GT opened at $9.07 on Thursday. The firm has a fifty day moving average price of $8.59 and a 200 day moving average price of $10.01. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $15.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts forecast that The Goodyear Tire & Rubber Company will post 1.08 EPS for the current fiscal year.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.