BlackRock Amends Goodyear Stake, Maintains Significant Holding
Ticker: GT · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 42582
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Goodyear, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in The Goodyear Tire and Rubber Company as of December 31, 2023. This amendment, number 11, indicates BlackRock's continued significant institutional holding in Goodyear. This matters to investors because BlackRock, a major institutional investor, maintains a substantial stake, signaling its ongoing confidence or strategic interest in Goodyear's future performance.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a significant position in Goodyear, which can influence market perception and stability for the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive risk for the stock.
Analyst Insight
Investors should note that BlackRock's continued holding suggests a stable institutional presence in Goodyear, but this filing alone doesn't provide new insights into future performance or strategic changes. It's a routine disclosure of a passive investment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- The Goodyear Tire and Rubber Company (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company of this filing?
The subject company is The Goodyear Tire and Rubber Company, identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOODYEAR TIRE & RUBBER CO /OH/' and 'THE GOODYEAR TIRE AND RUBBER COMPANY (Name of Issuer)'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified by 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of The Goodyear Tire and Rubber Company is 382550101, as listed under '(CUSIP Number) 382550101' and 'CUSIP No. 382550101'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding GOODYEAR TIRE & RUBBER CO /OH/ (GT).