Dimensional Fund Advisors LP Purchases 242,886 Shares of Cooper Tire & Rubber Co (CTB)

Dimensional Fund Advisors LP increased its position in Cooper Tire & Rubber Co (NYSE:CTB) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,672,900 shares of the company’s stock after purchasing an additional 242,886 shares during the period. Dimensional Fund Advisors LP owned 7.16% of Cooper Tire & Rubber worth $137,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Cooper Tire & Rubber by 2.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 282,044 shares of the company’s stock worth $10,549,000 after acquiring an additional 6,367 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Cooper Tire & Rubber by 11.5% in the third quarter. Legal & General Group Plc now owns 86,158 shares of the company’s stock worth $3,222,000 after acquiring an additional 8,870 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Cooper Tire & Rubber by 8.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,675 shares of the company’s stock worth $1,372,000 after acquiring an additional 2,746 shares during the last quarter. American International Group Inc. grew its stake in shares of Cooper Tire & Rubber by 1.7% in the third quarter. American International Group Inc. now owns 142,389 shares of the company’s stock worth $5,325,000 after acquiring an additional 2,339 shares during the last quarter. Finally, Icon Advisers Inc. Co. grew its stake in shares of Cooper Tire & Rubber by 174.4% in the third quarter. Icon Advisers Inc. Co. now owns 21,400 shares of the company’s stock worth $800,000 after acquiring an additional 13,600 shares during the last quarter.

A number of equities research analysts have recently commented on the company. Jefferies Group reissued a “hold” rating and issued a $35.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. FBR & Co reissued a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. B. Riley reissued a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. KeyCorp reissued a “buy” rating and issued a $42.00 target price on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. Finally, ValuEngine raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.86.

Cooper Tire & Rubber Co (CTB) opened at $34.50 on Friday. The stock has a market capitalization of $1,751.00, a price-to-earnings ratio of 8.80, a PEG ratio of 1.11 and a beta of 0.07. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24. Cooper Tire & Rubber Co has a 1-year low of $31.55 and a 1-year high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The firm had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. analysts predict that Cooper Tire & Rubber Co will post 3.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 30th. Cooper Tire & Rubber’s payout ratio is currently 10.82%.

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Cooper Tire & Rubber 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.

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

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