Cooper Tire & Rubber Company (CTB) Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Cooper Tire & Rubber Company (NYSE:CTB) by 31.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,455 shares of the company’s stock after selling 3,392 shares during the period. Profund Advisors LLC’s holdings in Cooper Tire & Rubber were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Cooper Tire & Rubber by 36,940.2% in the 1st quarter. BlackRock Inc. now owns 5,771,600 shares of the company’s stock valued at $255,971,000 after purchasing an additional 5,756,018 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Cooper Tire & Rubber by 18.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,079,701 shares of the company’s stock valued at $136,583,000 after purchasing an additional 481,349 shares in the last quarter. Royce & Associates LP increased its stake in Cooper Tire & Rubber by 14.3% in the 2nd quarter. Royce & Associates LP now owns 2,955,339 shares of the company’s stock valued at $106,688,000 after purchasing an additional 369,045 shares in the last quarter. State Street Corp increased its stake in Cooper Tire & Rubber by 57.0% in the 1st quarter. State Street Corp now owns 1,758,619 shares of the company’s stock valued at $77,994,000 after purchasing an additional 638,424 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Cooper Tire & Rubber by 39.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock valued at $37,817,000 after purchasing an additional 296,340 shares in the last quarter.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC set a $40.00 price objective on Cooper Tire & Rubber and gave the company a “hold” rating in a research note on Monday, August 7th. Standpoint Research raised Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. BidaskClub raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG raised their price objective on Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.00.

Cooper Tire & Rubber Company (NYSE CTB) opened at 36.50 on Wednesday. The stock has a market cap of $1.90 billion and a P/E ratio of 10.10. Cooper Tire & Rubber Company has a 52-week low of $32.78 and a 52-week high of $44.50. The firm’s 50-day moving average price is $35.11 and its 200 day moving average price is $37.27.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The company had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775.00 million. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts predict that Cooper Tire & Rubber Company will post $3.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.15%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 11.67%.

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Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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