Janney Montgomery Scott LLC Buys New Shares in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Janney Montgomery Scott LLC acquired a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 38,765 shares of the company’s stock, valued at approximately $349,000.

Several other institutional investors and hedge funds also recently modified their holdings of GT. 180 Wealth Advisors LLC raised its position in shares of Goodyear Tire & Rubber by 96.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company’s stock valued at $217,000 after acquiring an additional 11,823 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Goodyear Tire & Rubber by 4.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company’s stock valued at $306,000 after acquiring an additional 1,434 shares in the last quarter. Fidelity D & D Bancorp Inc. grew its stake in Goodyear Tire & Rubber by 3.2% in the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock valued at $283,000 after purchasing an additional 1,000 shares in the last quarter. Franklin Resources Inc. increased its position in Goodyear Tire & Rubber by 11.0% during the third quarter. Franklin Resources Inc. now owns 135,131 shares of the company’s stock worth $1,139,000 after buying an additional 13,349 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Goodyear Tire & Rubber during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Goodyear Tire & Rubber presently has a consensus rating of “Hold” and a consensus price target of $13.30.

Goodyear Tire & Rubber Stock Performance

GT opened at $8.24 on Tuesday. The firm has a market capitalization of $2.35 billion, a PE ratio of -7.92 and a beta of 1.79. The business’s 50-day simple moving average is $9.18 and its 200 day simple moving average is $8.94. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $13.86. 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 Company Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.