Prudential Financial Inc. lifted its holdings in Cooper Tire & Rubber Co (NYSE:CTB) by 9.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 92,992 shares of the company’s stock after buying an additional 8,230 shares during the quarter. Prudential Financial Inc.’s holdings in Cooper Tire & Rubber were worth $2,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brand Asset Management Group Inc. acquired a new position in shares of Cooper Tire & Rubber in the 2nd quarter valued at approximately $107,000. Oppenheimer & Co. Inc. acquired a new position in shares of Cooper Tire & Rubber in the 2nd quarter valued at approximately $230,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Cooper Tire & Rubber in the 2nd quarter valued at approximately $281,000. Brandes Investment Partners LP acquired a new position in shares of Cooper Tire & Rubber in the 2nd quarter valued at approximately $285,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Cooper Tire & Rubber in the 3rd quarter valued at approximately $327,000.

Several equities analysts recently issued reports on CTB shares. Northcoast Research set a $38.00 price objective on Cooper Tire & Rubber and gave the company a “buy” rating in a research report on Tuesday, November 20th. Wolfe Research raised Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a research report on Monday, November 12th. ValuEngine raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. TheStreet raised Cooper Tire & Rubber from a “c+” rating to a “b-” rating in a research report on Wednesday, November 21st. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.60.

NYSE:CTB opened at $31.22 on Friday. Cooper Tire & Rubber Co has a twelve month low of $22.58 and a twelve month high of $40.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.55 and a quick ratio of 1.59. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.76 and a beta of 0.63.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings results on Monday, October 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.62. Cooper Tire & Rubber had a return on equity of 8.58% and a net margin of 1.25%. The firm had revenue of $737.70 million during the quarter, compared to the consensus estimate of $748.54 million. During the same quarter in the prior year, the firm posted $1.18 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, sell-side analysts forecast that Cooper Tire & Rubber Co will post 2.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 13.55%.

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Cooper Tire & Rubber Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets 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, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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