724,670 Shares in Garrett Motion Inc. (NYSE:GTX) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Garrett Motion Inc. (NYSE:GTX - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 724,670 shares of the company's stock, valued at approximately $5,928,000. Public Employees Retirement System of Ohio owned approximately 0.34% of Garrett Motion at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new position in Garrett Motion during the 3rd quarter worth $132,000. Readystate Asset Management LP purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at about $539,000. HighTower Advisors LLC lifted its holdings in shares of Garrett Motion by 85.4% in the 3rd quarter. HighTower Advisors LLC now owns 27,221 shares of the company's stock valued at $217,000 after purchasing an additional 12,542 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at about $431,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at about $87,000. 86.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Garrett Motion

In other Garrett Motion 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 transaction, the senior vice president now owns 140,509 shares of the company's stock, valued at $1,049,602.23. This represents a 26.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Garrett Motion Price Performance

NYSE GTX traded down $0.10 on Friday, hitting $9.50. 1,148,001 shares of the company's stock were exchanged, compared to its average volume of 930,465. The firm's 50-day moving average price is $8.15 and its two-hundred day moving average price is $8.36. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.16. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 9.31 and a beta of 1.16.

Garrett Motion (NYSE:GTX - Get Free Report) last released 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 firm had revenue of $826.00 million during the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.23 EPS. On average, research analysts predict that Garrett Motion Inc. will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Announces Dividend

The company 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 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.