Ajo LP Trims Holdings in Cooper Tire & Rubber Co (NYSE:CTB)

AJO LP reduced its holdings in Cooper Tire & Rubber Co (NYSE:CTB) by 14.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,048 shares of the company’s stock after selling 18,259 shares during the period. AJO LP owned approximately 0.21% of Cooper Tire & Rubber worth $3,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in Cooper Tire & Rubber during the fourth quarter worth about $39,000. Captrust Financial Advisors acquired a new stake in shares of Cooper Tire & Rubber during the fourth quarter valued at about $40,000. Quantamental Technologies LLC acquired a new stake in shares of Cooper Tire & Rubber during the first quarter valued at about $42,000. KBC Group NV increased its position in shares of Cooper Tire & Rubber by 98.7% during the fourth quarter. KBC Group NV now owns 1,685 shares of the company’s stock valued at $54,000 after acquiring an additional 837 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of Cooper Tire & Rubber during the fourth quarter valued at about $63,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CTB stock traded up $0.05 during trading on Monday, reaching $31.60. The company’s stock had a trading volume of 207,800 shares, compared to its average volume of 410,084. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.58 billion, a P/E ratio of 14.41 and a beta of 0.68. The company has a 50-day simple moving average of $29.65. Cooper Tire & Rubber Co has a 1-year low of $23.27 and a 1-year high of $35.36.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $619.20 million during the quarter, compared to analyst estimates of $608.14 million. Cooper Tire & Rubber had a net margin of 2.66% and a return on equity of 9.25%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. Sell-side analysts anticipate that Cooper Tire & Rubber Co will post 2.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 3rd were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, May 31st. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 19.27%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. TheStreet cut shares of Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Finally, KeyCorp assumed coverage on shares of Cooper Tire & Rubber in a research report on Wednesday, May 22nd. They set an “overweight” rating and a $36.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.67.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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

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