Garrett Motion Inc. (NYSE:GTX) Shares Sold by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd lessened its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 450,000 shares of the company's stock after selling 150,000 shares during the period. Garrett Motion accounts for approximately 1.1% of AYAL Capital Advisors Ltd's portfolio, making the stock its 25th biggest position. AYAL Capital Advisors Ltd owned about 0.21% of Garrett Motion worth $4,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised its stake in Garrett Motion by 180.3% during the fourth quarter. Quarry LP now owns 7,755 shares of the company's stock worth $70,000 after purchasing an additional 4,988 shares during the period. Savant Capital LLC purchased a new stake in shares of Garrett Motion during the 4th quarter valued at approximately $96,000. KLP Kapitalforvaltning AS acquired a new position in Garrett Motion in the fourth quarter valued at approximately $133,000. Pacific Global Investment Management Co. purchased a new position in Garrett Motion in the fourth quarter worth approximately $150,000. Finally, Mariner LLC increased its stake in Garrett Motion by 35.6% during the fourth quarter. Mariner LLC now owns 19,434 shares of the company's stock worth $175,000 after acquiring an additional 5,107 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company's stock.

Garrett Motion Stock Performance

Shares of Garrett Motion stock traded up $0.18 on Thursday, reaching $11.50. The company had a trading volume of 641,212 shares, compared to its average volume of 1,058,974. The firm's 50 day moving average price is $9.03 and its two-hundred day moving average price is $8.91. Garrett Motion Inc. has a 52-week low of $7.02 and a 52-week high of $11.57. The firm has a market cap of $2.35 billion, a PE ratio of 9.06 and a beta of -0.05.

Garrett Motion Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $9.05, for a total value of $13,597,091.05. Following the sale, the insider now directly owns 25,834,957 shares of the company's stock, valued at approximately $233,806,360.85. This represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value of $875,326.34. Following the completion of the transaction, the insider now directly owns 10,395,183 shares in the company, valued at $103,328,119.02. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,264,853 shares of company stock valued at $30,663,903. 0.60% of the stock is currently owned by corporate insiders.

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.