JPMorgan Chase & Co. Has $1.14 Million Stock Holdings in Garrett Motion Inc. (NYSE:GTX)

JPMorgan Chase & Co. trimmed its stake in Garrett Motion Inc. (NYSE:GTX) by 47.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,986 shares of the company’s stock after selling 125,388 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Garrett Motion worth $1,137,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New South Capital Management Inc. grew its stake 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 buying an additional 431,779 shares in the last quarter. Barclays PLC lifted its stake in Garrett Motion by 85.2% in the third quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after acquiring an additional 136,600 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of Garrett Motion by 63.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company’s stock valued at $1,272,000 after acquiring an additional 60,600 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Garrett Motion by 25.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock valued at $10,501,000 after acquiring an additional 256,366 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Garrett Motion during the 3rd quarter worth about $616,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Insider Activity at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction that occurred 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 sale, the senior vice president now directly owns 140,509 shares of the company’s stock, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Garrett Motion Trading Up 0.5 %

Shares of NYSE GTX opened at $9.60 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of 9.41 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. The stock has a 50 day moving average of $8.95 and a 200-day moving average of $8.46.

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

Garrett Motion Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Garrett Motion in a research note on Wednesday.

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.