20,000 Shares in Garrett Motion Inc. (NYSE:GTX) Acquired by ARS Investment Partners LLC

ARS Investment Partners LLC purchased a new position in shares of Garrett Motion Inc. (NYSE:GTX) in the 4th quarter, Holdings Channel reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $181,000.

A number of other large investors also recently bought and sold shares of the stock. New South Capital Management Inc. grew its stake in shares of Garrett Motion by 19.0% during the 3rd 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 during the period. Dimensional Fund Advisors LP boosted 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 acquiring an additional 335,472 shares during the last quarter. Royce & Associates LP grew its position in Garrett Motion by 7.1% during the third quarter. Royce & Associates LP now owns 1,649,218 shares of the company’s stock valued at $13,491,000 after acquiring an additional 109,430 shares during the period. Loomis Sayles & Co. L P increased its stake in Garrett Motion by 5.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company’s stock worth $11,611,000 after acquiring an additional 70,246 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings 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 worth $10,501,000 after purchasing an additional 256,366 shares during the period. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the transaction, the senior vice president now directly owns 140,509 shares of the company’s stock, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Garrett Motion Stock Up 2.4 %

GTX opened at $9.62 on Wednesday. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.16. The company has a 50 day moving average of $8.85 and a two-hundred day moving average of $8.44. The company has a market cap of $2.05 billion, a P/E ratio of 9.43 and a beta of 1.16.

Garrett Motion (NYSE:GTX) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The business had revenue of $826.00 million for the quarter, compared to analysts’ expectations of $854.00 million. During the same period last year, the company posted $0.23 earnings per share. Research analysts anticipate that Garrett Motion Inc. will post 1.08 earnings per share for the current year.

Garrett Motion Dividend Announcement

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

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.