MassMutual Private Wealth & Trust FSB Raises Stake in Garrett Motion Inc. (NYSE:GTX)

MassMutual Private Wealth & Trust FSB raised its holdings in Garrett Motion Inc. (NYSE:GTX - Free Report) by 20,649.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,493 shares of the company's stock after purchasing an additional 63,187 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Garrett Motion were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in shares of Garrett Motion by 32.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company's stock valued at $1,755,000 after buying an additional 47,126 shares during the period. Barclays PLC raised its position in shares of Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company's stock worth $2,430,000 after acquiring an additional 136,600 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Garrett Motion in the 3rd quarter worth about $5,928,000. XTX Topco Ltd bought a new stake in shares of Garrett Motion in the 3rd quarter valued at $132,000. Finally, Readystate Asset Management LP bought a new position in shares of Garrett Motion during the 3rd quarter worth about $539,000. Institutional investors and hedge funds own 86.27% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reiterated a "buy" rating and issued a $12.00 price target on shares of Garrett Motion in a report on Wednesday.

Garrett Motion Trading Down 1.7 %

Garrett Motion stock traded down $0.17 during trading on Wednesday, hitting $9.46. 606,466 shares of the company were exchanged, compared to its average volume of 776,437. The company has a market capitalization of $2.02 billion, a P/E ratio of 9.27 and a beta of 1.16. The business's 50 day moving average is $8.85 and its 200 day moving average is $8.44. Garrett Motion Inc. has a 52 week low of $7.13 and a 52 week high of $10.16.

Garrett Motion (NYSE:GTX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.06). The firm had revenue of $826.00 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.23 earnings per share. Equities analysts expect that Garrett Motion Inc. will post 1.08 EPS for the current year.

Garrett Motion Dividend Announcement

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

Insider Activity at Garrett Motion

In other 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 transaction, the senior vice president now owns 140,509 shares in the company, valued at approximately $1,049,602.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

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.