Cooper Tire & Rubber Co (CTB) Stake Boosted by Royce & Associates LP

Royce & Associates LP grew its position in Cooper Tire & Rubber Co (NYSE:CTB) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,634,088 shares of the company’s stock after purchasing an additional 23,280 shares during the quarter. Cooper Tire & Rubber makes up approximately 0.6% of Royce & Associates LP’s portfolio, making the stock its 20th largest holding. Royce & Associates LP owned 5.14% of Cooper Tire & Rubber worth $93,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Cooper Tire & Rubber by 0.5% in the fourth quarter. BlackRock Inc. now owns 5,612,187 shares of the company’s stock valued at $198,392,000 after purchasing an additional 28,418 shares during the period. Vanguard Group Inc. raised its position in shares of Cooper Tire & Rubber by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock valued at $157,060,000 after purchasing an additional 20,738 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cooper Tire & Rubber by 7.1% in the third quarter. Dimensional Fund Advisors LP now owns 3,672,900 shares of the company’s stock valued at $137,367,000 after purchasing an additional 242,886 shares during the period. State Street Corp raised its position in shares of Cooper Tire & Rubber by 4.7% in the second quarter. State Street Corp now owns 1,842,041 shares of the company’s stock valued at $66,495,000 after purchasing an additional 83,422 shares during the period. Finally, Deprince Race & Zollo Inc. raised its position in shares of Cooper Tire & Rubber by 23.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,409,833 shares of the company’s stock valued at $49,838,000 after purchasing an additional 270,549 shares during the period.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, January 12th. Longbow Research started coverage on shares of Cooper Tire & Rubber in a research report on Wednesday, January 31st. They set a “buy” rating and a $50.00 target price on the stock. Northcoast Research raised shares of Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, B. Riley reaffirmed a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Cooper Tire & Rubber currently has a consensus rating of “Buy” and a consensus target price of $45.88.

Cooper Tire & Rubber Co (NYSE:CTB) opened at $35.60 on Friday. Cooper Tire & Rubber Co has a 52-week low of $31.55 and a 52-week high of $44.50. The stock has a market cap of $1,868.93, a price-to-earnings ratio of 9.18 and a beta of 0.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.18%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 10.82%.

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About Cooper Tire & Rubber

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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