DHK Financial Advisors Inc. Takes $445,000 Position in Garrett Motion Inc. (NYSE:GTX)

DHK Financial Advisors Inc. purchased a new stake in Garrett Motion Inc. (NYSE:GTX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,160 shares of the company's stock, valued at approximately $445,000.

Several other large investors have also added to or reduced their stakes in the business. Quarry LP lifted its position in shares of Garrett Motion by 180.3% during the 4th quarter. Quarry LP now owns 7,755 shares of the company's stock worth $70,000 after buying an additional 4,988 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Garrett Motion by 185.5% during the 4th quarter. Deutsche Bank AG now owns 8,202 shares of the company's stock worth $74,000 after buying an additional 5,329 shares in the last quarter. Savant Capital LLC bought a new position in shares of Garrett Motion during the 4th quarter worth approximately $96,000. KLP Kapitalforvaltning AS bought a new position in shares of Garrett Motion during the 4th quarter worth approximately $133,000. Finally, Pacific Global Investment Management Co. bought a new position in shares of Garrett Motion during the 4th quarter worth approximately $150,000. Institutional investors own 86.27% of the company's stock.

Garrett Motion Trading Up 1.0%

Shares of NYSE:GTX traded up $0.10 during mid-day trading on Tuesday, reaching $10.33. The company had a trading volume of 1,851,240 shares, compared to its average volume of 1,202,364. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 8.13 and a beta of 0.02. The company's 50-day moving average price is $10.08 and its 200-day moving average price is $9.46. Garrett Motion Inc. has a one year low of $7.02 and a one year high of $12.09.

Garrett Motion Announces Dividend

The firm 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 $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 2nd. Garrett Motion's dividend payout ratio (DPR) is currently 18.60%.

Insider Activity

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $9.00, for a total transaction of $1,350,000.00. Following the sale, the insider now owns 25,434,957 shares of the company's stock, valued at $228,914,613. The trade was a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Centerbridge Credit Partners M sold 3,000,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $10.30, for a total transaction of $30,900,000.00. Following the sale, the insider now directly owns 8,906,010 shares in the company, valued at $91,731,903. The trade was a 25.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,807,441 shares of company stock valued at $47,590,841 over the last quarter. Company insiders own 0.83% of the company's stock.

Analyst Ratings Changes

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

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.