Garrett Motion Inc. $GTX Stock Position Boosted by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. increased its holdings in shares of Garrett Motion Inc. (NYSE:GTX) by 37.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,925,770 shares of the company’s stock after buying an additional 791,177 shares during the quarter. Garrett Motion comprises approximately 3.9% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 5th biggest holding. Eubel Brady & Suttman Asset Management Inc. owned approximately 1.45% of Garrett Motion worth $30,750,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GTX. New South Capital Management Inc. lifted its position in Garrett Motion by 65.3% during the first quarter. New South Capital Management Inc. now owns 4,164,333 shares of the company’s stock worth $34,855,000 after buying an additional 1,645,460 shares during the period. Meritage Portfolio Management purchased a new position in shares of Garrett Motion in the 1st quarter worth about $2,182,000. VELA Investment Management LLC raised its holdings in shares of Garrett Motion by 22.9% in the 1st quarter. VELA Investment Management LLC now owns 120,192 shares of the company’s stock worth $1,006,000 after purchasing an additional 22,371 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Garrett Motion by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 303,054 shares of the company’s stock worth $2,537,000 after purchasing an additional 6,577 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Garrett Motion by 4.4% in the 1st quarter. Victory Capital Management Inc. now owns 1,290,509 shares of the company’s stock worth $10,802,000 after purchasing an additional 54,978 shares during the period. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Garrett Motion news, insider Centerbridge Credit Partners M sold 9,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $12.27, for a total transaction of $110,430,000.00. Following the completion of the sale, the insider owned 4,740,569 shares in the company, valued at $58,166,781.63. This trade represents a 65.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cyrus Capital Partners, L.P. sold 350,566 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $13.28, for a total value of $4,655,516.48. Following the sale, the insider owned 20,009,945 shares of the company’s stock, valued at approximately $265,732,069.60. This trade represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,509,850 shares of company stock valued at $143,362,919. 0.83% of the stock is owned by insiders.

Garrett Motion Stock Performance

GTX stock opened at $17.43 on Wednesday. Garrett Motion Inc. has a 1 year low of $7.01 and a 1 year high of $17.53. The firm has a market cap of $3.39 billion, a P/E ratio of 13.72 and a beta of 0.37. The stock has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $11.87.

Garrett Motion (NYSE:GTX) last posted its earnings results on Thursday, October 23rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Garrett Motion had a negative return on equity of 38.75% and a net margin of 8.12%.During the same period last year, the company earned $0.24 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. Garrett Motion has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Garrett Motion Inc. will post 1.25 EPS for the current year.

Garrett Motion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. This is a boost from Garrett Motion’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. Garrett Motion’s payout ratio is 20.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GTX shares. Zacks Research upgraded Garrett Motion from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. BNP Paribas Exane started coverage on Garrett Motion in a report on Wednesday, July 16th. They issued an “outperform” rating and a $14.00 price objective on the stock. Stifel Nicolaus set a $20.00 price objective on Garrett Motion in a report on Friday. BNP Paribas started coverage on Garrett Motion in a report on Wednesday, July 16th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Garrett Motion in a report on Monday, October 20th. They issued a “hold” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.50.

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.