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

AYAL Capital Advisors Ltd decreased 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 disclosure with the Securities & Exchange Commission. The fund owned 450,000 shares of the company's stock after selling 150,000 shares during the period. Garrett Motion comprises about 1.1% of AYAL Capital Advisors Ltd's holdings, making the stock its 25th largest position. AYAL Capital Advisors Ltd owned approximately 0.21% of Garrett Motion worth $4,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Eubel Brady & Suttman Asset Management Inc. purchased a new position in Garrett Motion during the 4th quarter valued at $15,442,000. Royce & Associates LP raised its stake in Garrett Motion by 25.6% during the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company's stock valued at $18,712,000 after buying an additional 422,955 shares during the last quarter. Marshall Wace LLP bought a new position in Garrett Motion in the 4th quarter worth about $3,565,000. Four Tree Island Advisory LLC purchased a new stake in shares of Garrett Motion during the fourth quarter valued at $3,060,000. Finally, Dimensional Fund Advisors LP grew its position in Garrett Motion by 10.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,826 shares of the company's stock worth $25,886,000 after purchasing an additional 278,107 shares during the period. Institutional investors own 86.27% of the company's stock.

Garrett Motion Stock Up 0.9 %

GTX traded up $0.11 during trading on Tuesday, reaching $11.27. The company had a trading volume of 2,008,741 shares, compared to its average volume of 1,056,219. Garrett Motion Inc. has a 52 week low of $7.02 and a 52 week high of $11.35. The stock has a market cap of $2.30 billion, a P/E ratio of 8.87 and a beta of -0.05. The business has a 50 day simple moving average of $8.96 and a 200-day simple moving average of $8.87.

Garrett Motion Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, June 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.13%. Garrett Motion's dividend payout ratio is presently 18.60%.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of Garrett Motion stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total transaction of $875,326.34. Following the completion of the sale, the insider now directly owns 10,395,183 shares in the company, valued at approximately $103,328,119.02. The trade was a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of Garrett Motion stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $9.05, for a total transaction of $13,597,091.05. Following the transaction, the insider now directly owns 25,834,957 shares of the company's stock, valued at approximately $233,806,360.85. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,109,853 shares of company stock valued at $28,920,153. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, BWS Financial raised their target price on shares of Garrett Motion from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday.

Garrett Motion 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.