Savant Capital LLC Takes Position in Garrett Motion Inc. (NYSE:GTX)

Savant Capital LLC acquired a new stake in shares of Garrett Motion Inc. (NYSE:GTX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,577 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd acquired a new stake in shares of Garrett Motion during the 3rd quarter valued at $28,000. Gladius Capital Management LP purchased a new stake in shares of Garrett Motion in the third quarter valued at $58,000. Paloma Partners Management Co purchased a new stake in shares of Garrett Motion in the third quarter valued at $87,000. Aigen Investment Management LP purchased a new stake in shares of Garrett Motion in the third quarter valued at $116,000. Finally, XTX Topco Ltd purchased a new stake in shares of Garrett Motion in the third quarter valued at $132,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Garrett Motion Stock Down 0.2 %

GTX opened at $9.27 on Thursday. The stock has a fifty day moving average of $9.29 and a 200-day moving average of $8.51. The firm has a market capitalization of $1.98 billion, a P/E ratio of 9.09 and a beta of 1.15. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.16.

Garrett Motion Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 2.7%. Garrett Motion’s dividend payout ratio is 23.53%.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Garrett Motion in a report on Wednesday, January 22nd.

About Garrett Motion

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.