Garrett Motion Inc. (NYSE:GTX) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC reduced its position in Garrett Motion Inc. (NYSE:GTX - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,571 shares of the company's stock after selling 35,629 shares during the quarter. Aquatic Capital Management LLC's holdings in Garrett Motion were worth $366,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in Garrett Motion during the 4th quarter worth about $15,442,000. Royce & Associates LP raised its holdings in Garrett Motion by 25.6% in the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company's stock valued at $18,712,000 after acquiring an additional 422,955 shares in the last quarter. Marshall Wace LLP acquired a new stake in Garrett Motion in the fourth quarter valued at approximately $3,565,000. Four Tree Island Advisory LLC acquired a new position in Garrett Motion during the 4th quarter worth approximately $3,060,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Garrett Motion by 10.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,826 shares of the company's stock valued at $25,886,000 after purchasing an additional 278,107 shares during the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

Garrett Motion Stock Up 1.3 %

NYSE GTX traded up $0.15 during trading hours on Thursday, hitting $11.47. 350,476 shares of the stock were exchanged, compared to its average volume of 1,398,852. The stock has a 50-day moving average of $9.03 and a 200 day moving average of $8.91. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 9.03 and a beta of -0.05. Garrett Motion Inc. has a 12-month low of $7.01 and a 12-month high of $11.50.

Garrett Motion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.09%. Garrett Motion's dividend payout ratio (DPR) is presently 18.60%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial boosted their target price on Garrett Motion from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, May 2nd.

Insider Activity at Garrett Motion

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $9.05, for a total transaction of $13,597,091.05. Following the completion of the sale, the insider now owns 25,834,957 shares of the company's stock, valued at approximately $233,806,360.85. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $9.94, for a total value of $875,326.34. Following the sale, the insider now owns 10,395,183 shares of the company's stock, valued at $103,328,119.02. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,264,853 shares of company stock worth $30,663,903 over the last 90 days. Company insiders own 0.60% of the company's stock.

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.