Garrett Motion's (GTX) Buy Rating Reaffirmed at BWS Financial

BWS Financial reissued their buy rating on shares of Garrett Motion (NYSE:GTX - Free Report) in a report released on Tuesday morning,Benzinga reports. They currently have a $12.00 target price on the stock.

Garrett Motion Trading Down 1.0 %

NYSE GTX traded down $0.10 during midday trading on Tuesday, hitting $9.66. The company had a trading volume of 1,387,982 shares, compared to its average volume of 988,487. The company has a market capitalization of $1.98 billion, a PE ratio of 7.61 and a beta of 1.15. The firm has a 50-day moving average price of $9.35 and a 200-day moving average price of $8.59. Garrett Motion has a twelve month low of $7.13 and a twelve month high of $10.39.

Garrett Motion Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 2.7%. Garrett Motion's dividend payout ratio is presently 18.90%.

Insider Buying and Selling at Garrett Motion

In other news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of Garrett Motion stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $9.94, for a total value of $875,326.34. Following the transaction, the insider now owns 10,395,183 shares in the company, valued at approximately $103,328,119.02. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

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Hedge Funds Weigh In On Garrett Motion

Several hedge funds and other institutional investors have recently modified their holdings of the business. Gates Capital Management Inc. bought a new position in shares of Garrett Motion in the 4th quarter valued at $40,068,000. Prevatt Capital Ltd grew its position in Garrett Motion by 18.2% during the 4th quarter. Prevatt Capital Ltd now owns 3,250,000 shares of the company's stock worth $29,348,000 after acquiring an additional 500,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Garrett Motion by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,826 shares of the company's stock worth $25,886,000 after acquiring an additional 278,107 shares during the last quarter. New South Capital Management Inc. grew its position in Garrett Motion by 19.0% during the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company's stock worth $22,170,000 after acquiring an additional 431,779 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Garrett Motion by 6.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,163,439 shares of the company's stock worth $19,536,000 after acquiring an additional 130,873 shares during the last quarter. Institutional investors own 86.27% of the company's stock.

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.