Garrett Motion Inc. (NYSE:GTX) Stock Holdings Trimmed by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. cut its holdings in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 59.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,655 shares of the company's stock after selling 134,555 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Garrett Motion were worth $759,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Gates Capital Management Inc. purchased a new position in shares of Garrett Motion during the fourth quarter valued at approximately $40,068,000. Eubel Brady & Suttman Asset Management Inc. bought a new position in Garrett Motion in the fourth quarter worth approximately $15,442,000. Frontier Capital Management Co. LLC purchased a new stake in shares of Garrett Motion during the 4th quarter valued at $13,147,000. Prevatt Capital Ltd grew its stake in shares of Garrett Motion by 18.2% during the fourth quarter. Prevatt Capital Ltd now owns 3,250,000 shares of the company's stock worth $29,348,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Garrett Motion by 25.6% during the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company's stock worth $18,712,000 after acquiring an additional 422,955 shares during the last quarter. 86.27% of the stock is owned by institutional investors.

Insider Transactions at Garrett Motion

In other news, major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 25,834,957 shares of the company's stock, valued at $233,806,360.85. The trade was a 5.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Centerbridge Credit Partners M sold 3,000,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $10.30, for a total value of $30,900,000.00. Following the completion of the sale, the insider now directly owns 8,906,010 shares in the company, valued at approximately $91,731,903. The trade was a 25.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,807,441 shares of company stock worth $47,590,841 over the last ninety days. Company insiders own 0.83% of the company's stock.

Garrett Motion Stock Down 1.4%

Shares of Garrett Motion stock traded down $0.14 during mid-day trading on Wednesday, reaching $9.93. 1,700,201 shares of the stock traded hands, compared to its average volume of 1,237,938. The business has a 50-day moving average of $10.45 and a 200 day moving average of $9.57. Garrett Motion Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $12.09. The stock has a market capitalization of $2.01 billion, a PE ratio of 7.82 and a beta of 0.02.

Garrett Motion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.06 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.24 annualized dividend and a yield of 2.42%. Garrett Motion's dividend payout ratio (DPR) is 18.60%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a "buy" rating and issued a $14.00 price objective on shares of Garrett Motion in a report on Wednesday.

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.