The Goodyear Tire & Rubber Company (NASDAQ:GT) went up to recover about 15.19% since recording its record low price of $13.23. The stock experienced 0.86% jump, arriving at $15.24 on 6/27/2019. During the day, the stock price traveled from $14.95 to $15.31. This company shares are 19.03% off its target price of $18.14 and the current market capitalization stands at $3.51B. The recent change has given its price a -7.16% deficit over SMA 50 and -40.02% deficit over its 52-week high. The stock witnessed 6.87% gains, -14.77% declines and -24.67% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GT’s volatility during a week at 2.31% and during a month it has been found around 2.96%.
What Does The Goodyear Tire & Rubber Company (GT) Do?
The company describes itself in regulatory filings as, “Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires and related products and services worldwide. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.” [Text can be found here: https://www.marketwatch.com/investing/stock/GT/profile under company description.]The Goodyear Tire & Rubber Company (GT) Top Holders
Institutional investors currently hold around $3.03 billion or 89.8% in GT stock. Look at its top three institutional owners: Blackrock Inc. owns $370.48 million in The Goodyear Tire & Rubber Company, which represents roughly 10.55% of the company’s market cap and approximately 12.24% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 22,215,277 shares of the stock are valued at $335.67 million. The third largest holder is Lsv Asset Management, which currently holds $167.43 million worth of this stock and that ownership represents nearly 4.77% of its market capitalization.The Goodyear Tire & Rubber Company 13F Filings
At the end of March reporting period, 181 institutional holders increased their position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by some 41,617,855 shares, 229 decreased positions by 50,272,971 and 63 held positions by 108,365,678. That puts total institutional holdings at 200,256,504 shares, according to SEC filings. The stock grabbed 48 new institutional investments totaling 8,659,316 shares while 90 institutional investors sold out their entire positions totaling 17,799,564 shares.The Goodyear Tire & Rubber Company (NASDAQ:GT) Insider Trades
Multiple company employees have indulged in significant insider trading. The Goodyear Tire & Rubber Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Geissler Werner has acquired 35,000 shares of The Goodyear Tire & Rubber Company (GT) in the trading session dated Feb. 13, 2019. These shares are worth $652,750 and were traded at $18.65 each. The SEC filing shows that Kihn Jean Claude performed a sale of 7,500 shares. The Senior Vice President disposed these shares by way of transaction on Dec. 01, 2017. The company’s shares were given away at $32.12 per share worth to an income of some $240,900 to the account of Kihn Jean Claude.
Senior Vice President, Kihn Jean Claude, sold 7,500 common shares of The Goodyear Tire & Rubber Company (GT) in the open market. In a transaction dated Nov. 01, 2017, the shares were put up for sale at an average price of $30.53, raking in a sum of $228,975. After this sale, 60,716 common shares of GT are directly owned by the insider, with total stake valued at $925,312.
In the transaction dated Oct. 02, 2017, a great number of shares sold came courtesy the Senior Vice President; Kihn Jean Claude disposed a total of 7,500 shares at an average price of $33.26, amounting to approximately $249,450. The insider now directly owns 68,211 shares worth $1,039,536.The Goodyear Tire & Rubber Company (GT) Analyst Guide
Several analysts have released their opinion on The Goodyear Tire & Rubber Company (NASDAQ:GT), with 3 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation [T1].