Alpha Windward cut its position in Cooper Tire & Rubber Co (NYSE:CTB) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,620 shares of the company’s stock after selling 1,200 shares during the period. Alpha Windward’s holdings in Cooper Tire & Rubber Co were worth $402,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Acadian Asset Management boosted its position in shares of Cooper Tire & Rubber Co by 1.7% in the fourth quarter. Acadian Asset Management now owns 772,628 shares of the company’s stock worth $29,245,000 after buying an additional 13,248 shares during the last quarter. Fox Run Management purchased a new stake in Cooper Tire & Rubber Co during the fourth quarter valued at about $284,000. Finally, Assetmark purchased a new stake in Cooper Tire & Rubber Co during the third quarter valued at about $0.

Shares of Cooper Tire & Rubber Co (NYSE:CTB) opened at 37.50 on Wednesday. The company has a market cap of $2.10 billion and a price-to-earnings ratio of 9.27. The company’s 50-day moving average is $37.12 and its 200-day moving average is $38.49. Cooper Tire & Rubber Co has a one year low of $31.18 and a one year high of $43.94.

Cooper Tire & Rubber Co (NYSE:CTB) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.13. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company had revenue of $782 million for the quarter, compared to analyst estimates of $767.86 million. The business’s revenue was down 15.0% on a year-over-year basis. On average, equities analysts predict that Cooper Tire & Rubber Co will post $3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 29th. Shareholders of record on Thursday, December 3rd were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, December 1st.

CTB has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Cooper Tire & Rubber Co from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, October 13th. Jefferies Group initiated coverage on shares of Cooper Tire & Rubber Co in a report on Tuesday, October 20th. They issued a “hold” rating and a $41.00 target price for the company. Finally, Deutsche Bank restated a “hold” rating and issued a $40.00 target price (up previously from $39.00) on shares of Cooper Tire & Rubber Co in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.50.

In other Cooper Tire & Rubber Co news, CEO Roy V. Armes sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $41.94, for a total transaction of $4,194,000.00. Following the completion of the transaction, the chief executive officer now directly owns 298,132 shares in the company, valued at $12,503,656.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. The Company operates in two segments: Americas Tire Operations and International Tire Operations. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, primarily for sale in the United States replacement market. It supplies passenger car tires. The segment also distributes tires for racing, medium truck and motorcycles. The racing and motorcycle tires are manufactured in the Company’s International Tire Operations segment and by others. The distribution channels and customers include independent tire dealers, wholesale distributors, regional and national retail tire chains, and retail chains that sell tires, as well as other automotive products.

12 Month Chart for NYSE:CTB

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