The Goodyear Tire & Rubber Company (GT) SVP Jean Claude Kihn Sells 7,500 Shares

The Goodyear Tire & Rubber Company (NASDAQ:GT) SVP Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $32.12, for a total value of $240,900.00. Following the completion of the sale, the senior vice president now directly owns 51,848 shares of the company’s stock, valued at $1,665,357.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jean Claude Kihn also recently made the following trade(s):

  • On Wednesday, November 1st, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $30.53, for a total value of $228,975.00.
  • On Monday, October 2nd, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $33.26, for a total value of $249,450.00.
  • On Monday, September 18th, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $32.44, for a total value of $243,300.00.

Shares of The Goodyear Tire & Rubber Company (GT) traded up $0.15 during trading on Wednesday, reaching $32.22. The company had a trading volume of 2,633,000 shares, compared to its average volume of 2,904,896. The Goodyear Tire & Rubber Company has a 12 month low of $28.81 and a 12 month high of $37.20. The stock has a market cap of $7,899.71, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.12.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the business posted $1.17 EPS. The Goodyear Tire & Rubber’s revenue for the quarter was up 1.9% on a year-over-year basis. equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 2.88 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.74%. This is a boost from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, October 31st. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 14.47%.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded The Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Jefferies Group reiterated a “buy” rating and set a $36.00 price target on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Guggenheim cut The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Wednesday, November 1st. BidaskClub upgraded The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Saturday, October 21st. Finally, J P Morgan Chase & Co lowered their price target on The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.70.

Institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in The Goodyear Tire & Rubber by 143.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock valued at $152,000 after acquiring an additional 2,682 shares during the period. Shell Asset Management Co. raised its position in The Goodyear Tire & Rubber by 100.3% in the 3rd quarter. Shell Asset Management Co. now owns 98,801 shares of the company’s stock valued at $2,231,000 after purchasing an additional 49,484 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in The Goodyear Tire & Rubber by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,228,322 shares of the company’s stock valued at $42,943,000 after purchasing an additional 62,499 shares in the last quarter. Prudential Financial Inc. raised its position in The Goodyear Tire & Rubber by 47.0% in the 2nd quarter. Prudential Financial Inc. now owns 976,079 shares of the company’s stock valued at $34,124,000 after purchasing an additional 312,298 shares in the last quarter. Finally, Legal & General Group Plc raised its position in The Goodyear Tire & Rubber by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 1,349,022 shares of the company’s stock valued at $47,164,000 after purchasing an additional 20,952 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

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The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Insider Buying and Selling by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

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