Garrett Motion Inc. (NYSE:GTX) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in Garrett Motion Inc. (NYSE:GTX) by 85.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,022 shares of the company’s stock after purchasing 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 (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC raised its holdings in Garrett Motion by 34.4% in the second quarter. William Blair Investment Management LLC now owns 9,257,594 shares of the company’s stock valued at $79,523,000 after acquiring an additional 2,369,442 shares in the last quarter. Lingotto Investment Management LLP acquired a new stake in shares of Garrett Motion in the 2nd quarter valued at $6,872,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Garrett Motion during the 3rd quarter worth $5,928,000. New South Capital Management Inc. grew its stake in shares of Garrett Motion by 19.0% during the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock worth $22,170,000 after purchasing an additional 431,779 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 335,472 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Insider Buying and Selling

In related news, SVP Thierry Mabru sold 50,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Garrett Motion Stock Up 0.7 %

Shares of Garrett Motion stock opened at $9.06 on Thursday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 8.88 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 firm’s 50 day moving average is $8.32 and its two-hundred day moving average is $8.37.

Garrett Motion (NYSE:GTX) last posted its 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 net margin of 6.54% and a negative return on equity of 31.48%. The company had revenue of $826.00 million during the quarter, compared to analysts’ expectations of $854.00 million. During the same period last year, the business earned $0.23 earnings per share. As a group, research analysts expect that Garrett Motion Inc. will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Stockholders 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 of this dividend is Wednesday, January 15th. Garrett Motion’s payout ratio is currently 23.53%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Garrett Motion in a report on Friday, October 25th.

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.