Economy

Cooper Tire & Rubber Company to Issue Quarterly Dividend of $0.11 (CTB)

The hedge fund run by Jim Simons held 592,000 shares of the consumer services company at the end of 2016Q4, valued at $79.38 million, down from 1.99 million at the end of the previous reported quarter. Air Products & Chems Inc now has $31.75 billion valuation. It is down 9.23% since September 7, 2016 and is uptrending. It has outperformed by 1.95% the S&P500. The Goodyear Tire & Rubber earned a news sentiment score of 0.21 on Accern's scale. Sei Investments holds 0.02% in Goodyear Tire & Rubber Co (NASDAQ:GT) or 124,837 shares. (GT)'s stock declined 12.03%. Fairpointe Capital LLC now owns 2,940,825 shares of the company's stock worth $130,426,000 after buying an additional 613,045 shares during the period.

Wall Street analysts are still seeing some upside to Cooper Tire & Rubber Company (NYSE:CTB) despite the recent move. It closed at $30.44 lastly.

Investors sentiment increased to 0.88 in Q4 2016. It has outperformed by 25.06% the S&P500.

Since March 15, 2017, it had 0 insider purchases, and 4 selling transactions for $835,785 activity. On Friday, June 9 McClellan Stephen R sold $220,566 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) or 6,250 shares. Lennie William G. sold $4.86 million worth of stock or 31,239 shares. It also reduced Vonage Holdings Corp. In looking at volatility levels, the shares saw weekly volatility of 2.06% and 1.93% over the past month. Electronic Arts (NASDAQ:EA) was reduced too. (The) reissued a "buy" rating and issued a $35.00 price objective on shares of The Goodyear Tire & Rubber Company in a report on Saturday, October 8th. Therefore 50% are positive. ValuEngine lowered shares of The Goodyear Tire & Rubber from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 28th. Daiwa Securities Group Inc. now owns 6,450 shares of the company's stock worth $166,000 after buying an additional 550 shares during the last quarter. Berenberg initiated the shares of GT in report on Tuesday, November 22 with "Buy" rating. The stock has "Hold" rating by Deutsche Bank on Friday, August 7.

The company is trading up by 0.215%% since yesterday's close of 30.29. Canaccord Genuity has "Buy" rating and $2500 target. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since September 7, 2016 and is uptrending. Investors with a record date on early Tue, Aug 1st were issued a divided of $0.10 for a share. this indicates a $0.40 annual dividend and a payout of of 1.31%. 39 funds opened positions while 81 raised stakes. Peak6 Invests Lp reported 30,716 shares. Cedar Hill Assoc Ltd Co stated it has 1.91% in Goodyear Tire & Rubber Co (NASDAQ:GT). Moreover, Kennedy has 0.4% invested in Cooper Tire & Rubber Co (NYSE:CTB). As of the end of the quarter Next Financial Group, Inc had acquired a total of 410 shares growing its holdings by 2.8%. California Pub Employees Retirement System owns 191,127 shares or 0.01% of their U.S. portfolio.

The Goodyear Tire & Rubber (NASDAQ:GT) previously released its periodic earnings reports on early Fri, Jul 28th. 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. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. Dynamic Capital Management Limited holds 41,174 shares. Mutual Of America Limited Liability Company accumulated 0.07% or 96,811 shares. Hengehold Mgmt Limited Liability Company owns 7,792 shares for 0.07% of their portfolio. Cutter And Brokerage invested in 3,386 shares. Analysts are forecasting earnings of $0.66 on a per share basis this quarter. 187.27 million shares or 4.62% more from 179.01 million shares in 2016Q3 were reported. Numeric Investors Ltd Liability Corp invested 0.01% of its portfolio in Bel Fuse, Inc. 107,000 are held by Pacific Heights Asset Management Lc. GT share have plunged by -1.88% in percentage terms since the start of the year - and retreated -3.78% in the last month. Ancora Advsrs Ltd Llc has invested 0.01% in Air Products & Chemicals, Inc. Oz Mngmt Lp has invested 0.99% in Home Depot Inc (NYSE:HD). (NYSE:APD) for 14,333 shares. Corporate insiders own 1.40% of the company's stock. Price T Rowe Assoc Md holds 479,786 shares or 0% of its portfolio. Wells Fargo Mn reported 508,642 shares. Hancock Hldgs Comm has invested 0.04% in Bel Fuse, Inc. Comerica Bancorp reported 26,956 shares or 0.01% of all its holdings. The stock of Cooper Tire & Rubber Co (NYSE:CTB) has "Buy" rating given on Friday, May 27 by Standpoint Research.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. JP Morgan maintained the stock with "Neutral" rating in Monday, May 2 report. The company was maintained on Monday, April 18 by Citigroup. The rating was reinitiated by KeyBanc Capital Markets with "Overweight" on Wednesday, November 16. The company was upgraded on Thursday, February 23 by Morgan Stanley.



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