Dimensional Fund Advisors LP Has $25.89 Million Stake in Garrett Motion Inc. (NYSE:GTX)

Dimensional Fund Advisors LP lifted its holdings in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,866,826 shares of the company's stock after purchasing an additional 278,107 shares during the period. Dimensional Fund Advisors LP owned 1.34% of Garrett Motion worth $25,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTX. Barclays PLC lifted its holdings in Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company's stock worth $2,430,000 after acquiring an additional 136,600 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Garrett Motion by 32.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company's stock worth $1,755,000 after acquiring an additional 47,126 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Garrett Motion by 20,649.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 63,493 shares of the company's stock worth $573,000 after acquiring an additional 63,187 shares in the last quarter. ARS Investment Partners LLC bought a new stake in Garrett Motion in the fourth quarter valued at approximately $181,000. Finally, Financial Advocates Investment Management bought a new position in shares of Garrett Motion during the 4th quarter worth approximately $191,000. 86.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.41, for a total transaction of $4,893,200.00. Following the sale, the insider now owns 9,795,684 shares of the company's stock, valued at $92,177,386.44. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $9.00, for a total value of $1,350,000.00. Following the sale, the insider now directly owns 25,434,957 shares in the company, valued at $228,914,613. This represents a 0.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,264,853 shares of company stock worth $30,663,903. Company insiders own 0.83% of the company's stock.

Garrett Motion Stock Performance

Shares of NYSE GTX traded up $0.05 during trading hours on Monday, reaching $11.63. 155,142 shares of the stock were exchanged, compared to its average volume of 1,069,939. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 9.17 and a beta of -0.05. Garrett Motion Inc. has a 52 week low of $7.02 and a 52 week high of $11.94. The stock's fifty day simple moving average is $9.10 and its 200 day simple moving average is $8.97.

Garrett Motion Dividend Announcement

The company also recently announced 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 2.06%. Garrett Motion's dividend payout ratio (DPR) is currently 18.60%.

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.