Garrett Motion Inc. (NYSE:GTX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Garrett Motion Inc. (NYSE:GTX) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.80.

Several research firms have recently weighed in on GTX. BWS Financial reiterated a “buy” rating and issued a $22.00 price objective on shares of Garrett Motion in a research note on Thursday, April 9th. Zacks Research lowered Garrett Motion from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Freedom Capital upgraded Garrett Motion to a “strong-buy” rating in a research note on Monday, April 6th.

Insider Activity

In related news, Director Julia Steyn sold 17,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $19.86, for a total transaction of $337,620.00. Following the completion of the sale, the director directly owned 50,233 shares of the company’s stock, valued at $997,627.38. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Olivier Rabiller sold 144,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $20.32, for a total value of $2,926,080.00. Following the sale, the chief executive officer directly owned 905,546 shares of the company’s stock, valued at $18,400,694.72. This represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 337,000 shares of company stock worth $6,839,290. Company insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Garrett Motion

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baron Wealth Management LLC increased its holdings in Garrett Motion by 3.3% during the 1st quarter. Baron Wealth Management LLC now owns 27,324 shares of the company’s stock valued at $496,000 after purchasing an additional 878 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Garrett Motion by 156.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the company’s stock valued at $28,000 after purchasing an additional 970 shares in the last quarter. D Orazio & Associates Inc. increased its holdings in Garrett Motion by 7.2% during the 3rd quarter. D Orazio & Associates Inc. now owns 15,101 shares of the company’s stock valued at $206,000 after purchasing an additional 1,015 shares in the last quarter. Spire Wealth Management increased its holdings in Garrett Motion by 971.2% during the 4th quarter. Spire Wealth Management now owns 1,489 shares of the company’s stock valued at $26,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Garrett Motion by 7,110.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,442 shares of the company’s stock valued at $25,000 after purchasing an additional 1,422 shares in the last quarter. 86.27% of the stock is owned by institutional investors and hedge funds.

Garrett Motion Price Performance

Garrett Motion stock opened at $19.91 on Monday. The business has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $17.47. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 15.68 and a beta of 0.44. Garrett Motion has a 12 month low of $8.77 and a 12 month high of $21.42.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Garrett Motion had a negative return on equity of 38.75% and a net margin of 8.12%.The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that Garrett Motion will post 1.25 earnings per share for the current fiscal year.

Garrett Motion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, March 2nd. Garrett Motion’s dividend payout ratio is currently 21.05%.

Garrett Motion Company Profile

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.