BWS Financial Reiterates Buy Rating for Garrett Motion (NYSE:GTX)

BWS Financial reaffirmed their buy rating on shares of Garrett Motion (NYSE:GTX - Free Report) in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

Garrett Motion Stock Up 1.1 %

Shares of GTX stock traded up $0.10 during trading hours on Wednesday, reaching $9.55. 737,341 shares of the company's stock were exchanged, compared to its average volume of 794,024. Garrett Motion has a fifty-two week low of $7.13 and a fifty-two week high of $10.16. The stock has a market capitalization of $2.04 billion, a P/E ratio of 9.36 and a beta of 1.16. The business has a fifty day moving average price of $8.88 and a 200-day moving average price of $8.45.

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). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The business had revenue of $826.00 million for the quarter, compared to analyst estimates of $854.00 million. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, research analysts expect that Garrett Motion will post 1.08 EPS for the current fiscal year.

Garrett Motion Announces Dividend

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

Insider Transactions at Garrett Motion

In other news, SVP Thierry Mabru sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. New South Capital Management Inc. raised 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 purchasing an additional 431,779 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Garrett Motion by 17.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company's stock valued at $19,570,000 after purchasing an additional 335,472 shares in the last quarter. Royce & Associates LP raised its stake in shares of Garrett Motion by 7.1% in the third quarter. Royce & Associates LP now owns 1,649,218 shares of the company's stock valued at $13,491,000 after purchasing an additional 109,430 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Garrett Motion by 5.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company's stock valued at $11,611,000 after purchasing an additional 70,246 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Garrett Motion by 25.0% in 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 in the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.

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.