Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Garrett Motion Inc. $GTX

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 56.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 342,742 shares of the company's stock after acquiring an additional 123,669 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Garrett Motion worth $5,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTX. Spire Wealth Management raised its stake in shares of Garrett Motion by 971.2% during the 4th quarter. Spire Wealth Management now owns 1,489 shares of the company's stock worth $26,000 after buying an additional 1,350 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Garrett Motion by 1,422.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,705 shares of the company's stock worth $30,000 after acquiring an additional 1,593 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Garrett Motion by 99.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,453 shares of the company's stock worth $60,000 after acquiring an additional 1,720 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Garrett Motion in the 2nd quarter worth approximately $45,000. Finally, Jones Financial Companies Lllp acquired a new stake in Garrett Motion during the 1st quarter valued at $42,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

Garrett Motion Stock Down 0.6%

Shares of Garrett Motion stock opened at $20.89 on Tuesday. Garrett Motion Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $21.42. The firm has a market cap of $3.93 billion, a PE ratio of 16.45 and a beta of 0.44. The business's fifty day moving average is $18.96 and its two-hundred day moving average is $17.78.

Garrett Motion (NYSE:GTX - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Garrett Motion had a negative return on equity of 38.75% and a net margin of 8.12%.The company's revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Garrett Motion Inc. will post 1.25 EPS for the current year.

Garrett Motion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd. Garrett Motion's dividend payout ratio is currently 21.05%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GTX. BWS Financial reiterated a "buy" rating and set a $22.00 target price on shares of Garrett Motion in a report on Thursday, April 9th. Zacks Research cut Garrett Motion from a "strong-buy" rating to a "hold" rating in a report on Monday, December 29th. Finally, Freedom Capital upgraded Garrett Motion to a "strong-buy" rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Garrett Motion currently has an average rating of "Moderate Buy" and an average target price of $18.80.

Insider Buying and Selling

In other Garrett Motion news, Director Julia Steyn sold 17,000 shares of the firm's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $19.86, for a total value of $337,620.00. Following the transaction, the director directly owned 50,233 shares of the company's stock, valued at $997,627.38. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Daniel Deiro sold 20,000 shares of the firm's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $20.29, for a total value of $405,800.00. Following the completion of the transaction, the senior vice president directly owned 160,994 shares in the company, valued at $3,266,568.26. This trade represents a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 337,000 shares of company stock valued at $6,839,290. 1.10% of the stock is currently owned by company insiders.

About Garrett Motion

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company's solutions are engineered to improve engine efficiency, reduce emissions and support automakers' efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.

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