Will Goodyear’s Proposed Action Sit Well With These Top Institutional Shareholders?

Goodyear Tire & Rubber Company (NYSE:GT) is moving to close the Amiens North plant in France, the location where they produce consumer and farm tires. This is in accordance with their announcement on January 31 that they intended to exit the farm tire business across the Europe, Middle East and Africa regions. The company has started discussions with the various labor bodies, including employee representatives, in connection with the proposed action which would result in a profit improvement of $75 billion annually.

Will Goodyear Tire and Rubber Company’s shareholders decrease their holdings? They reported owning a total of 72.037 million shares on 12/31/2012. The shares closed at $47.06 on 12/31/2012.

Here are the ten largest positions in Goodyear Tire and Rubber Company at the end of December 31st, 2012.

Vanguard Group Inc. held 16,083,234 shares on 12/31/2012 worth $756,877,014. This brought the portfolio total to 0.09%.

Letko brosseau & Associates Inc. held 6,663,730 shares on 12/31/2012 worth $313,595,143. This brought the portfolio total to 3.02%.

Blackrock Institutional Trust Company N.A. held 6,550,246 shares on 12/31/2012 worth $308,254,586. This brought the portfolio total to 0.07%.

Strs Ohio held 4,578,061 shares on 12/31/2012 worth $215,443,557. This brought the portfolio total to 0.95%.

Blackrock Fund Advisors held 3,320,763 shares on 12/31/2012 worth $156,275,111. This brought the portfolio total to 0.07%.

Bank of New York Mellon Corp. held 2,708,002 shares on 12/31/2012 worth $127,438,578. This brought the portfolio total to 0.05%.

Blackrock Group Ltd. held 1,368,058 shares on 12/31/2012 worth $64,380,811. This brought the portfolio total to 0.05%.

Blackrock Advisors LLC. held 1,181,260 shares on 12/31/2012 worth $55,590,097. This brought the portfolio total to 0.06%.

Irish Life Investment Managers Ltd. held 1,175,221 shares on 12/31/2012 worth $55,305,902. This brought the portfolio total to 0.77%.

California Public Employees Retirement System held 1,129,841 shares on 12/31/2012 worth $53,170,319. This brought the portfolio total to 0.12%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.