Garrett Motion Inc. (NYSE:GTX) Declares $0.06 -- Dividend

Garrett Motion Inc. (NYSE:GTX - Get Free Report) declared a -- dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.06 per share on Friday, January 31st. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, January 15th.

Garrett Motion Price Performance

Garrett Motion stock traded down $0.28 during midday trading on Friday, reaching $8.91. The stock had a trading volume of 721,773 shares, compared to its average volume of 925,506. Garrett Motion has a twelve month low of $7.13 and a twelve month high of $10.16. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 9.01 and a beta of 1.16. The firm's fifty day simple moving average is $8.01 and its two-hundred day simple moving average is $8.35.

Garrett Motion (NYSE:GTX - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.06). The business had revenue of $826.00 million for the quarter, compared to analysts' expectations of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, sell-side analysts predict that Garrett Motion will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was 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 directly owns 140,509 shares in the company, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Separately, BWS Financial reissued a "buy" rating and issued a $12.00 price target on shares of Garrett Motion in a research report on Friday, October 25th.

Garrett Motion Company Profile

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.

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