Four Tree Island Advisory LLC Makes New Investment in Garrett Motion Inc. (NYSE:GTX)

Four Tree Island Advisory LLC acquired a new position in Garrett Motion Inc. (NYSE:GTX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 338,883 shares of the company's stock, valued at approximately $3,060,000. Garrett Motion makes up about 2.1% of Four Tree Island Advisory LLC's investment portfolio, making the stock its 12th largest holding. Four Tree Island Advisory LLC owned about 0.16% of Garrett Motion as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd purchased a new position in Garrett Motion in the third quarter valued at about $28,000. Gladius Capital Management LP purchased a new position in Garrett Motion in the third quarter valued at about $58,000. Paloma Partners Management Co purchased a new position in Garrett Motion in the third quarter valued at about $87,000. Savant Capital LLC purchased a new position in Garrett Motion in the fourth quarter valued at about $96,000. Finally, Aigen Investment Management LP purchased a new position in Garrett Motion in the third quarter valued at about $116,000. 86.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, BWS Financial restated a "buy" rating and set a $12.00 price target on shares of Garrett Motion in a research note on Wednesday, January 22nd.

Garrett Motion Trading Down 0.9 %

Shares of GTX stock traded down $0.08 during trading on Thursday, reaching $9.10. 796,065 shares of the company's stock traded hands, compared to its average volume of 760,595. The company has a market capitalization of $1.94 billion, a P/E ratio of 8.92 and a beta of 1.15. The firm's 50-day moving average is $9.27 and its 200 day moving average is $8.49. Garrett Motion Inc. has a 1 year low of $7.13 and a 1 year high of $10.16.

Garrett Motion Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.06 per share. This represents a dividend yield of 2.7%. The ex-dividend date was Wednesday, January 15th. Garrett Motion's payout ratio is currently 23.53%.

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.