Garrett Motion Inc. (NYSE:GTX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in Garrett Motion Inc. (NYSE:GTX) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,569 shares of the company’s stock after selling 4,403 shares during the quarter. Stifel Financial Corp’s holdings in Garrett Motion were worth $536,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. William Blair Investment Management LLC grew its holdings in Garrett Motion by 34.4% during the 2nd quarter. William Blair Investment Management LLC now owns 9,257,594 shares of the company’s stock worth $79,523,000 after acquiring an additional 2,369,442 shares in the last quarter. Lingotto Investment Management LLP purchased a new stake in Garrett Motion in the second quarter valued at approximately $6,872,000. New South Capital Management Inc. boosted its holdings 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 acquiring an additional 431,779 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Garrett Motion by 17.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company’s stock worth $19,570,000 after acquiring an additional 335,472 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in shares of Garrett Motion by 76.6% in the third quarter. Seizert Capital Partners LLC now owns 659,132 shares of the company’s stock valued at $5,392,000 after buying an additional 285,918 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research note on Friday, October 25th.

Insider Transactions at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 140,509 shares in the company, valued at $1,049,602.23. This represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Garrett Motion Trading Down 0.1 %

Shares of Garrett Motion stock opened at $9.05 on Friday. The company has a 50-day moving average of $8.34 and a two-hundred day moving average of $8.37. The stock has a market cap of $1.93 billion, a PE ratio of 8.87 and a beta of 1.16. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.16.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.06). The company had revenue of $826.00 million for 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 firm earned $0.23 earnings per share. On average, sell-side analysts forecast that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Garrett Motion Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given 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 dividend payout ratio is currently 23.53%.

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.