Handelsbanken Fonder AB Raises Stock Position in Garrett Motion Inc. (NYSE:GTX)

Handelsbanken Fonder AB lifted its holdings in shares of Garrett Motion Inc. (NYSE:GTX) by 57.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,800 shares of the company’s stock after acquiring an additional 11,600 shares during the period. Handelsbanken Fonder AB’s holdings in Garrett Motion were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GTX. Atria Investments Inc purchased a new position in shares of Garrett Motion during the 3rd quarter valued at about $237,000. Covestor Ltd acquired a new position in Garrett Motion during the third quarter worth about $28,000. Entropy Technologies LP grew its stake in Garrett Motion by 17.0% during the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company’s stock valued at $147,000 after acquiring an additional 2,600 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Garrett Motion during the third quarter worth $616,000. Finally, New South Capital Management Inc. increased its position in 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 during the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a report on Tuesday, February 25th.

Insider Activity

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value of $875,326.34. Following the completion of the transaction, the insider now owns 10,395,183 shares in the company, valued at $103,328,119.02. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Garrett Motion Stock Down 0.2 %

Shares of GTX opened at $9.64 on Tuesday. The company has a market cap of $1.98 billion, a P/E ratio of 7.59 and a beta of 1.15. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.39. The firm’s 50 day moving average price is $9.36 and its 200 day moving average price is $8.61.

Garrett Motion Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a dividend of $0.06 per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, January 15th. Garrett Motion’s dividend payout ratio is presently 18.90%.

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.