Sterling Capital Management LLC Has $15.17 Million Position in Cooper Tire & Rubber Company (CTB)

Sterling Capital Management LLC trimmed its stake in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 420,200 shares of the company’s stock after selling 77,931 shares during the quarter. Sterling Capital Management LLC owned 0.81% of Cooper Tire & Rubber worth $15,169,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its stake in shares of Cooper Tire & Rubber by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 11,083 shares of the company’s stock valued at $400,000 after purchasing an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Cooper Tire & Rubber by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,725 shares of the company’s stock valued at $279,000 after purchasing an additional 31 shares during the period. Retirement Systems of Alabama raised its stake in shares of Cooper Tire & Rubber by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 68,238 shares of the company’s stock valued at $2,463,000 after purchasing an additional 240 shares during the period. Capstone Asset Management Co. raised its stake in shares of Cooper Tire & Rubber by 3.8% during the 2nd quarter. Capstone Asset Management Co. now owns 7,449 shares of the company’s stock valued at $269,000 after purchasing an additional 270 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Cooper Tire & Rubber by 0.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 63,277 shares of the company’s stock valued at $2,806,000 after purchasing an additional 348 shares during the period.

A number of analysts recently issued reports on CTB shares. Standpoint Research upgraded Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and set a $40.00 price objective on shares of Cooper Tire & Rubber in a research note on Thursday, July 6th. BidaskClub upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Monday, July 24th. Finally, Deutsche Bank AG boosted their price objective on Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Cooper Tire & Rubber presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Shares of Cooper Tire & Rubber Company (NYSE:CTB) traded up 0.202% during trading on Friday, reaching $37.175. The company’s stock had a trading volume of 101,912 shares. Cooper Tire & Rubber Company has a 12-month low of $32.78 and a 12-month high of $44.50. The company has a market cap of $1.94 billion and a PE ratio of 10.284. The company has a 50 day moving average of $35.32 and a 200 day moving average of $37.27.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The business had revenue of $720.75 million for the quarter, compared to the consensus estimate of $775.00 million. During the same period in the previous year, the business earned $1.27 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. On average, analysts anticipate that Cooper Tire & Rubber Company will post $3.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a $0.105 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.13%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 11.67%.

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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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