Economy

Goodyear Tire Rubber (GT) Seeing Increased Volatility in Session

Insiders own 1.40% of the company's stock.

In related news, insider Jean Claude Kihn sold 7,500 shares of the business's stock in a transaction dated Monday, October 2nd. Granite Construction Inc. (NYSE:GVA) has risen 16.24% since October 24, 2016 and is uptrending. It has outperformed by 0.56% the S&P500.

Malaga Cove Capital Llc increased its stake in Cooper Tire & Rubr Co (CTB) by 76.07% based on its latest 2017Q2 regulatory filing with the SEC. Their activity in GT in recent trading has also spurred interest in the stock. Diamond Hill Capital Management Inc. now owns 6,528,543 shares of the company's stock valued at $228,238,000 after acquiring an additional 266,403 shares during the last quarter. The company has a market capitalization of $8.26 billion, a P/E ratio of 26.43 and a beta of 1.33. The stock rose 0.27% or $0.1 reaching $37.55 per share. About 130,922 shares traded.

Goodyear Tire Rubber (GT) now has a 14-day Commodity Channel Index (CCI) of 184.69. It has underperformed by 1.50% the S&P500. GVA's SI was 4.49 million shares in October as released by FINRA. This represents a $0.56 dividend on an annualized basis and a yield of 1.65%. 56 funds opened positions while 158 raised stakes. Finally, Huntington National Bank boosted its stake in shares of The Goodyear Tire & Rubber Co.by 1.5% in the third quarter. Frontier Mngmt Limited Liability holds 0.01% or 33,063 shares in its portfolio. Blb&B Advsrs Ltd Company holds 71,379 shares or 0.44% of its portfolio.

Shares of Goodyear Tire Rubber (GT) is moving on volatility today 0.83% or 0.28 from the open. The Goodyear Tire & Rubber Company has 252 million shares outstanding, and in the last trade has seen ATR around 0.53.

Looking forward, the company's quarterly earnings are expected to come at $0.25 in the three months through September 2017 and $0.22 in the quarter ending December 2017, reflecting -24.24% and -15.38% growth, respectively. Finally, Schroder Investment Management Group bought a new stake in shares of The Goodyear Tire & Rubber in the second quarter valued at about $160,000. This is a positive change from The Goodyear Tire & Rubber's previous quarterly dividend of $0.10. Ing Groep Nv invested in 0.01% or 15,712 shares. It also upped Weyerhaeuser Co (NYSE:WY) stake by 11,295 shares and now owns 52,856 shares. Gsa Prtnrs Ltd Liability Partnership holds 10,363 shares or 0.02% of its portfolio. Palisade Cap Mngmt Nj stated it has 0.19% in Paylocity Holding Corp (NASDAQ:PCTY). Moreover, Inv Counselors Of Maryland Lc has 0.72% invested in Granite Construction Inc. BidaskClub lowered shares of The Goodyear Tire & Rubber from a "sell" rating to a "strong sell" rating in a research report on Wednesday, August 2nd. Therefore 50% are positive. Goodyear Tire had 23 analyst reports since October 28, 2015 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets on Thursday, April 7 to "Overweight". The rating was downgraded by Standpoint Research to "Hold" on Wednesday, March 30. The Goodyear Tire & Rubber had a net margin of 7.95% and a return on equity of 18.94%. Raymond James has "Outperform" rating and $55 target. Northcoast upgraded Cooper Tire & Rubber Co (NYSE:CTB) on Tuesday, July 26 to "Buy" rating. Morgan Stanley set a $52.00 price target on The Goodyear Tire & Rubber and gave the stock a "buy" rating in a research report on Friday, July 28th.

The Goodyear Tire & Rubber Company is a manufacturer of tires.

Virtus Investment Advisers Inc decreased Goodyear Tire & Rubr Co (GT) stake by 5.99% reported in 2017Q2 SEC filing.

Since May 9, 2017, it had 0 insider buys, and 2 insider sales for $441,332 activity. Modder Roger Keith sold 24,242 shares worth $705,364.

Investors sentiment decreased to 0.8 in Q2 2017. Also Businesswire.com published the news titled: "Virtusa Partners with SAP to Build Industry-Focused Solutions for SAP S/4HANA ..." on October 17, 2017. (NASDAQ:GT) last announced its quarterly earnings data on Friday, October 28th. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since October 24, 2016 and is uptrending. It improved, as 29 investors sold Granite Construction Inc. shares while 53 reduced holdings. Class A by 222,561 shares in the quarter, leaving it with 175,296 shares, and cut its stake in P. H. Glatfelter Company (NYSE:GLT). The company now has a consensus rating of "Buy" and an average price target of $38.00. Virtusa had 24 analyst reports since July 29, 2015 according to SRatingsIntel. 225.19 million shares or 2.30% less from 230.50 million shares in 2017Q1 were reported. The rating was initiated by Jefferies with "Buy" on Tuesday, November 29. The firm has "Buy" rating given on Thursday, November 10 by Needham. The firm has "Buy" rating by Jefferies given on Thursday, October 12. The firm has "Buy" rating by Maxim Group given on Wednesday, January 25. The stock of Paylocity Holding Corp (NASDAQ:PCTY) earned "Outperform" rating by Northland Capital on Friday, November 6. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Needham maintained Virtusa Corporation (NASDAQ:VRTU) rating on Friday, February 10. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. The firm has "Buy" rating given on Tuesday, November 10 by Argus Research.



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