Cooper Tire & Rubber Company (NYSE:CTB) is expected to pay $0.11 on Dec 29, 2016. The indicated annual dividend is $0.42. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Cooper Tire & Rubber Company’s current price of $38.80, the dividend is 0.27%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 27, 2016. The stock decreased 1.40% or $0.55 during the last trading session, hitting $38.8. Cooper Tire & Rubber Co (NYSE:CTB) has risen 4.08% since April 26, 2016 and is uptrending. It has underperformed by 1.18% the S&P500.
Cooper Tire & Rubber Company is a maker and marketer of replacement tires. The company has a market cap of $2.11 billion. The Firm specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. It has a 9.09 P/E ratio. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires.
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.03, from 0.88 in 2016Q1. The ratio worsened, as 28 funds sold all Cooper Tire & Rubber Co shares owned while 85 reduced positions. 26 funds bought stakes while 74 increased positions. They now own 44.64 million shares or 11.89% less from 50.67 million shares in 2016Q1.
Connor Clark Lunn Invest last reported 0.01% of its portfolio in the stock. Next Financial Group has 0.01% invested in the company for 720 shares. Retail Bank Of Montreal Can holds 83,830 shares or 0% of its portfolio. Barclays Public Limited Company owns 26,701 shares or 0% of their US portfolio. Fifth Third Natl Bank has 1 shares for 0% of their US portfolio. Sprott Incorporated holds 73,619 shares or 0.11% of its portfolio. Tower Cap Ltd Company (Trc) holds 0.03% or 9,742 shares in its portfolio. California State Teachers Retirement Sys has 0.01% invested in the company for 116,347 shares. Cantab Prtn Limited Liability Partnership has 59,010 shares for 0% of their US portfolio. Glg Partners Lp last reported 0.01% of its portfolio in the stock. New York State Teachers Retirement holds 5,000 shares or 0% of its portfolio. Brandywine Invest Mngmt Limited Liability Corporation last reported 253,361 shares in the company. Huntington Comml Bank has 5,060 shares for 0.01% of their US portfolio. Amer Gru Incorporated, a New York-based fund reported 31,886 shares. Smith Asset Mngmt Grp Inc Lp last reported 0.06% of its portfolio in the stock.
Insider Transactions: Since November 16, 2016, the stock had 0 insider purchases, and 1 sale for $151,443 net activity. Shares for $151,443 were sold by HOLLAND JOHN J.
Cooper Tire & Rubber Co (NYSE:CTB) Ratings Coverage
Out of 7 analysts covering Cooper Tire (NYSE:CTB), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Cooper Tire has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Wednesday, November 16 by KeyBanc Capital Markets. The stock of Cooper Tire & Rubber Co (NYSE:CTB) earned “Hold” rating by Deutsche Bank on Friday, August 7. The stock of Cooper Tire & Rubber Co (NYSE:CTB) has “Hold” rating given on Friday, October 7 by Standpoint Research. JP Morgan maintained Cooper Tire & Rubber Co (NYSE:CTB) rating on Wednesday, February 24. JP Morgan has “Neutral” rating and $44 price target. The company was upgraded on Tuesday, July 26 by Northcoast. The firm has “Hold” rating given on Tuesday, November 3 by Deutsche Bank. The company was initiated on Friday, May 27 by Standpoint Research. The firm has “Hold” rating given on Friday, August 7 by Deutsche Bank. The company was maintained on Monday, May 2 by JP Morgan. As per Thursday, February 25, the company rating was upgraded by Goldman Sachs.
More notable recent Cooper Tire & Rubber Co (NYSE:CTB) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Cooper Tire & Rubber, Churchill Downs and DeVry …” on November 28, 2016, also Investorplace.com with their article: “Cooper Tire & Rubber Co Stock Rolls on For Investors (CTB)” published on October 20, 2016, Businesswire.com published: “Cooper Tire & Rubber Company Reports Third Quarter 2016 Results” on October 31, 2016. More interesting news about Cooper Tire & Rubber Co (NYSE:CTB) were released by: Businesswire.com and their article: “Cooper Tire & Rubber Company Declares 179th Consecutive Quarterly Dividend” published on October 14, 2016 as well as Businesswire.com‘s news article titled: “Cooper Tire & Rubber Company Declares 178th Consecutive Quarterly Dividend” with publication date: August 03, 2016.
CTB Company Profile
Cooper Tire & Rubber Company (Cooper), incorporated on March 26, 1930, is a maker and marketer of replacement tires. The Firm 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 Firm is organized into four business divisions: North America, composed of the Company’s activities in the United States and Canada; Latin America, composed of the Company’s activities in Mexico, Central America and South America; Europe, and Asia. The North America and Latin America divisions are similar in their production and distribution processes, and are presented as the Americas Tire Operations segment. The results of the combined Asia and Europe divisions are presented as International Tire Operations segment. Cooper and its family of companies operate approximately eight manufacturing facilities and over 20 distribution centers in over 10 countries.
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