First Trust Advisors LP decreased its position in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,978 shares of the company’s stock after selling 19,260 shares during the quarter. First Trust Advisors LP owned 0.09% of Cooper Tire & Rubber worth $1,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Partners Fund LP bought a new stake in Cooper Tire & Rubber during the first quarter worth about $110,000. Flinton Capital Management LLC bought a new stake in Cooper Tire & Rubber during the first quarter worth about $112,000. Neuburgh Advisers LLC bought a new stake in Cooper Tire & Rubber during the first quarter worth about $136,000. LS Investment Advisors LLC lifted its position in Cooper Tire & Rubber by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after purchasing an additional 627 shares during the period. Finally, Strs Ohio lifted its position in Cooper Tire & Rubber by 81.0% during the first quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $168,000 after purchasing an additional 1,700 shares during the period. 94.58% of the stock is owned by institutional investors and hedge funds.

Cooper Tire & Rubber Company (CTB) opened at 34.53 on Friday. Cooper Tire & Rubber Company has a 1-year low of $32.78 and a 1-year high of $44.50. The stock has a 50 day moving average price of $34.48 and a 200 day moving average price of $38.05. The firm has a market cap of $1.80 billion, a P/E ratio of 9.55 and a beta of -0.03.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. The company had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775.00 million. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. Cooper Tire & Rubber’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. On average, analysts anticipate that Cooper Tire & Rubber Company will post $3.40 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.105 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.22%. Cooper Tire & Rubber’s payout ratio is 11.67%.

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Several equities research analysts recently weighed in on CTB shares. FBR & Co reaffirmed a “buy” rating and set a $53.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday, September 5th. BidaskClub cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, July 24th. Deutsche Bank AG upped their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.00.

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.

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

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