Todays Report: Today, Cooper Tire & Rubber Co. (CTB) To Go Ex-Dividend on November 30th

Today, Cooper Tire & Rubber Co. (CTB) To Go Ex-Dividend on November 30th

Cooper Tire & Rubber Co. (NYSE:CTB) announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.105 per share on Thursday, December 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 30th.

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) opened at 38.75 on Friday. Cooper Tire & Rubber Co. has a 1-year low of $29.29 and a 1-year high of $42.57. The company has a market cap of $2.07 billion, a P/E ratio of 9.07 and a beta of 0.05. The firm has a 50-day moving average price of $36.74 and a 200-day moving average price of $33.80.

Cooper Tire & Rubber Co. (NYSE:CTB) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $751 million for the quarter, compared to analyst estimates of $689.09 million. Cooper Tire & Rubber Co. had a return on equity of 23.13% and a net margin of 8.17%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. On average, equities analysts expect that Cooper Tire & Rubber Co. will post $4.35 EPS for the current year.

Several analysts recently commented on the company. KeyCorp assumed coverage on Cooper Tire & Rubber Co. in a report on Wednesday, November 16th. They set an “overweight” rating on the stock. Off Wall Street reaffirmed a “sell” rating and set a $22.00 target price on shares of Cooper Tire & Rubber Co. in a report on Monday, November 7th. FBR & Co reaffirmed a “buy” rating and set a $48.00 target price on shares of Cooper Tire & Rubber Co. in a report on Thursday, November 3rd. Jefferies Group reaffirmed a “hold” rating and set a $37.00 target price on shares of Cooper Tire & Rubber Co. in a report on Wednesday, October 19th. Finally, Standpoint Research lowered Cooper Tire & Rubber Co. from a “buy” rating to a “hold” rating in a report on Friday, October 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $39.30.

In other news, Director John J. Holland sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $37.86, for a total value of $151,440.00. Following the transaction, the director now owns 5,913 shares in the company, valued at $223,866.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in Cooper Tire & Rubber Co. by 63.3% in the second quarter. American Century Companies Inc. now owns 496,492 shares of the company’s stock valued at $14,805,000 after buying an additional 192,499 shares during the period. BlackRock Investment Management LLC increased its position in Cooper Tire & Rubber Co. by 7.6% in the second quarter. BlackRock Investment Management LLC now owns 229,839 shares of the company’s stock valued at $6,854,000 after buying an additional 16,306 shares during the period. BlackRock Inc. increased its position in Cooper Tire & Rubber Co. by 230.1% in the second quarter. BlackRock Inc. now owns 16,143 shares of the company’s stock valued at $481,000 after buying an additional 11,252 shares during the period. BlackRock Group LTD increased its position in Cooper Tire & Rubber Co. by 17.3% in the second quarter. BlackRock Group LTD now owns 45,334 shares of the company’s stock valued at $1,352,000 after buying an additional 6,672 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in Cooper Tire & Rubber Co. by 1.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,974,094 shares of the company’s stock valued at $58,867,000 after buying an additional 27,390 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Cooper Tire & Rubber Co.

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