Barclays PLC Increases Holdings in Garrett Motion Inc. (NYSE:GTX)

Barclays PLC increased its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 85.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,022 shares of the company's stock after buying an additional 136,600 shares during the period. Barclays PLC owned about 0.14% of Garrett Motion worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP increased its position in shares of Garrett Motion by 54.8% in the second quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after buying an additional 1,830 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Garrett Motion by 2.2% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 94,850 shares of the company's stock valued at $815,000 after acquiring an additional 2,000 shares in the last quarter. Entropy Technologies LP raised its position in Garrett Motion by 17.0% during the third quarter. Entropy Technologies LP now owns 17,915 shares of the company's stock worth $147,000 after acquiring an additional 2,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Garrett Motion by 17.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,203 shares of the company's stock worth $174,000 after acquiring an additional 2,933 shares during the last quarter. Finally, Covestor Ltd purchased a new stake in shares of Garrett Motion in the third quarter valued at about $28,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the sale, the senior vice president now directly owns 140,509 shares of the company's stock, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

Garrett Motion Trading Down 0.1 %

Shares of NYSE:GTX traded down $0.01 on Thursday, hitting $9.05. The company had a trading volume of 1,278,059 shares, compared to its average volume of 932,330. The company has a market cap of $1.93 billion, a PE ratio of 8.87 and a beta of 1.16. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.16. The business has a 50 day moving average of $8.34 and a 200 day moving average of $8.37.

Garrett Motion (NYSE:GTX - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations 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 firm earned $0.23 earnings per share. As a group, equities analysts predict that Garrett Motion Inc. will post 1.08 EPS for the current year.

Garrett Motion Announces Dividend

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

Garrett Motion 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.