Sun Sep 15 12:17:03 UTC 2024: ## American Century Companies Increases Stake in Goodyear Tire & Rubber

**New York, NY – September 15, 2024** – American Century Companies Inc. has increased its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 16.2% in the second quarter, according to the firm’s recent 13F filing with the Securities and Exchange Commission. The company now owns 7,257,765 shares of Goodyear Tire & Rubber, valued at $82,376,000.

This move follows a trend of increased institutional investor interest in Goodyear Tire & Rubber. Other notable investors who have adjusted their holdings in the company include:

* **Wellington Management Group LLP:** Increased stake by 48.2% in the fourth quarter.
* **Norges Bank:** Acquired a new position in the fourth quarter valued at $66,842,000.
* **National Bank of Canada FI:** Increased stake by 2,944.7% in the first quarter.
* **Vanguard Group Inc.:** Increased stake by 2.6% in the first quarter.
* **Appian Way Asset Management LP:** Acquired a new position in the fourth quarter worth $7,343,000.

Institutional investors now own 84.19% of Goodyear Tire & Rubber’s stock.

**Analysts remain optimistic about the company’s prospects.** While Wolfe Research downgraded Goodyear Tire & Rubber from “outperform” to “peer perform” in September, Morgan Stanley initiated coverage on the company in June with an “equal weight” rating and a $14.00 price objective. Overall, three investment analysts have rated the stock with a hold rating, and three have issued a buy rating, resulting in a consensus rating of “Moderate Buy” and a target price of $17.23, according to MarketBeat.com.

**Goodyear Tire & Rubber** is a global leader in the tire industry, offering a wide range of products for various vehicles and applications under brands like Goodyear, Dunlop, and Kelly. The company is headquartered in Akron, Ohio, and has a market capitalization of $2.23 billion.

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