Quantinno Capital Management LP Invests $361,000 in Garrett Motion Inc. (NYSE:GTX)

Quantinno Capital Management LP acquired a new position in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,008 shares of the company's stock, valued at approximately $361,000.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP increased its holdings in Garrett Motion by 180.3% during the 4th quarter. Quarry LP now owns 7,755 shares of the company's stock valued at $70,000 after purchasing an additional 4,988 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Garrett Motion by 185.5% in the fourth quarter. Deutsche Bank AG now owns 8,202 shares of the company's stock valued at $74,000 after buying an additional 5,329 shares during the last quarter. Savant Capital LLC bought a new position in shares of Garrett Motion in the fourth quarter valued at about $96,000. KLP Kapitalforvaltning AS bought a new stake in Garrett Motion during the 4th quarter worth about $133,000. Finally, Pacific Global Investment Management Co. acquired a new stake in Garrett Motion in the 4th quarter valued at about $150,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Garrett Motion Price Performance

Shares of Garrett Motion stock traded down $0.05 during trading hours on Friday, hitting $10.63. The company's stock had a trading volume of 356,782 shares, compared to its average volume of 1,161,664. The company has a market capitalization of $2.15 billion, a PE ratio of 8.37 and a beta of -0.05. The stock has a 50 day moving average of $9.77 and a 200 day moving average of $9.32. Garrett Motion Inc. has a 12 month low of $7.02 and a 12 month high of $12.09.

Garrett Motion Dividend Announcement

The business also recently disclosed 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. This represents a $0.24 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, June 2nd. Garrett Motion's dividend payout ratio is 18.60%.

Insider Transactions at Garrett Motion

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,434,957 shares in the company, valued at $228,914,613. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.41, for a total value of $4,893,200.00. Following the completion of the sale, the insider now owns 9,795,684 shares of the company's stock, valued at $92,177,386.44. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,827,441 shares of company stock valued at $26,309,041 over the last quarter. Corporate insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

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