VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Garrett Motion Inc. $GTX

Posted by Stanley Muller on Sep 13th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Garrett Motion Inc. (NASDAQ:GTX – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 34,100 shares of the company’s stock, valued at approximately $1,235,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GTX. Cullen Frost Bankers Inc. boosted its stake 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 during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Garrett Motion in the second quarter worth approximately $27,000. Global Retirement Partners LLC lifted its holdings in shares of Garrett Motion by 156.7% in the fourth 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. Jones Financial Companies Lllp bought a new position in shares of Garrett Motion in the first quarter valued at approximately $42,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Garrett Motion during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Garrett Motion Price Performance

NASDAQ GTX opened at $27.62 on Friday. The business’s fifty day moving average is $29.48 and its 200-day moving average is $26.79. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.71 and a beta of 0.79. Garrett Motion Inc. has a one year low of $12.26 and a one year high of $36.25.

Garrett Motion (NASDAQ:GTX – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. Garrett Motion had a net margin of 9.51% and a negative return on equity of 46.50%. The company had revenue of $976.00 million during the quarter. During the same quarter in the previous year, the company posted $0.42 EPS. Garrett Motion’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Garrett Motion Inc. will post 1.91 EPS for the current fiscal year.

Garrett Motion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Garrett Motion’s dividend payout ratio is currently 17.58%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GTX. Weiss Ratings reissued a “buy (b)” rating on shares of Garrett Motion in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Garrett Motion from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $36.00 in a report on Thursday, July 30th. Zacks Research upgraded shares of Garrett Motion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 8th. Royal Bank Of Canada set a $42.00 price objective on shares of Garrett Motion in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Garrett Motion from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $38.60.

View Our Latest Stock Analysis on GTX

Insider Activity at Garrett Motion

In other Garrett Motion news, SVP Daniel Deiro sold 20,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $26.89, for a total transaction of $537,800.00. Following the completion of the transaction, the senior vice president directly owned 113,783 shares of the company’s stock, valued at approximately $3,059,624.87. This represents a 14.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mark Rodrigues sold 6,140 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $33.30, for a total value of $204,462.00. Following the completion of the sale, the senior vice president directly owned 77,038 shares of the company’s stock, valued at $2,565,365.40. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 56,140 shares of company stock valued at $1,543,262. 1.10% of the stock is currently owned by company insiders.

Garrett Motion Profile

(Free Report)

Garrett Motion Inc is a technology company that develops products and software for the automotive and commercial vehicle industries. Its portfolio is focused on improving vehicle performance, fuel efficiency, emissions control and electrification.

The company’s products include turbochargers, electric boosting systems, fuel-cell compressors, thermal-management technologies and related automotive software. Garrett supplies components and systems for passenger vehicles, commercial vehicles and motorsports applications, while also serving the automotive aftermarket.

Garrett Motion has roots in Honeywell’s transportation systems business and became an independent publicly traded company in 2018.