16,155 Shares in Garrett Motion Inc. (NYSE:GTX) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Garrett Motion Inc. (NYSE:GTX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 16,155 shares of the company’s stock, valued at approximately $132,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. New South Capital Management Inc. grew its stake in shares of Garrett Motion by 19.0% in the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after buying an additional 431,779 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in Garrett Motion by 63.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company’s stock valued at $1,272,000 after acquiring an additional 60,600 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of Garrett Motion by 25.0% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock valued at $10,501,000 after purchasing an additional 256,366 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Garrett Motion in the third quarter valued at $616,000. Finally, Quest Partners LLC boosted its stake in shares of Garrett Motion by 840.7% in the second quarter. Quest Partners LLC now owns 114,816 shares of the company’s stock valued at $986,000 after purchasing an additional 102,611 shares during the period. Institutional investors and hedge funds own 86.27% of the company’s stock.

Insider Activity at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the sale, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. The trade was a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Garrett Motion Stock Performance

Shares of GTX opened at $9.01 on Friday. Garrett Motion Inc. has a one year low of $7.13 and a one year high of $10.16. The company has a market capitalization of $1.92 billion, a P/E ratio of 8.83 and a beta of 1.16. The stock has a 50-day moving average price of $8.27 and a 200 day moving average price of $8.37.

Garrett Motion (NYSE:GTX) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The firm had revenue of $826.00 million during the quarter, compared to analyst estimates of $854.00 million. Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. During the same quarter last year, the business posted $0.23 earnings per share. As a group, equities research analysts forecast that Garrett Motion Inc. will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, January 15th. This represents a dividend yield of 2.7%. Garrett Motion’s dividend payout ratio (DPR) is 23.53%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a report on Friday, October 25th.

About Garrett Motion

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.