Goodyear Tire & Rubber Co (GT) : Deroy Devereaux Private Investment Counsel Inc reduced its stake in Goodyear Tire & Rubber Co by 1.45% during the most recent quarter end. The investment management company now holds a total of 477,382 shares of Goodyear Tire & Rubber Co which is valued at $15,276,224 after selling 7,045 shares in Goodyear Tire & Rubber Co , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Goodyear Tire & Rubber Co makes up approximately 2.08% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.
Goodyear Tire & Rubber Co closed down -0.01 points or -0.03% at $32.29 with 14,67,350 shares getting traded on Wednesday. Post opening the session at $32.31, the shares hit an intraday low of $32.09 and an intraday high of $32.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in GT by selling 3,451 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 78,206 shares of GT which is valued at $2,502,592. Goodyear Tire & Rubber Co makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Kanaly Trust Co reduced its stake in GT by selling 252 shares or 23.16% in the most recent quarter. The Hedge Fund company now holds 836 shares of GT which is valued at $26,752. Goodyear Tire & Rubber Co makes up approx 0.01% of Kanaly Trust Co’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in GT in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 29,530 shares of Goodyear Tire & Rubber Co which is valued at $944,960. Goodyear Tire & Rubber Co makes up approx 0.24% of Daiwa Sb Investments Ltd.’s portfolio.
On the company’s financial health, Goodyear Tire & Rubber Co reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.75. The company had revenue of $4063.00 million for the quarter, compared to analysts expectations of $4011.87 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.
Many Wall Street Analysts have commented on Goodyear Tire & Rubber Co. Goodyear Tire & Rubber Co was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 7, 2016. Goodyear Tire & Rubber Co was Downgraded by Standpoint Research to ” Hold” on Mar 30, 2016. Goodyear Tire & Rubber Co was Upgraded by Credit Agricole to ” Outperform” on Feb 10, 2016.
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company’s business is the development manufacture distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe Middle East and Africa (EMEA); Latin America and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles motorcycles trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear Dunlop Kelly Debica Sava and Fulda brands and various other Goodyear owned-house brands and the private-label brands of certain customers.