Garrett Motion (NYSE:GTX) Rating Increased to Strong-Buy at Freedom Capital

Key Points

• Freedom Capital upgraded Garrett Motion to a "strong-buy", while MarketBeat shows a consensus of Moderate Buy with an $18.80 price target and mixed analyst views (JPMorgan "overweight" with a $23 target, Zacks recently downgraded to hold).
• Garrett Motion beat quarterly EPS estimates ($0.42 vs. $0.39) with revenue up 5.6%; the company has a market cap of $3.44B, a P/E of 14.25, and a 12‑month trading range of $7.84–$21.42.
• Insiders have been net sellers—including the CEO and SVP—disposing of 337,000 shares (~$6.84M) in the last 90 days, even as institutional ownership remains high at about 86% following large recent purchases by firms like Fuller & Thaler and Arrowstreet.

Garrett Motion (NYSE:GTX - Get Free Report) was upgraded by investment analysts at Freedom Capital to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. began coverage on shares of Garrett Motion in a research note on Wednesday, December 17th. They issued an "overweight" rating and a $23.00 price objective on the stock. Zacks Research downgraded shares of Garrett Motion from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. BWS Financial raised their price objective on shares of Garrett Motion from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, December 12th. Finally, Stifel Nicolaus raised their price objective on shares of Garrett Motion from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.80.

Garrett Motion Stock Down 1.2%

NYSE:GTX opened at $18.10 on Monday. Garrett Motion has a 12 month low of $7.84 and a 12 month high of $21.42. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 14.25 and a beta of 0.44. The company's 50 day moving average is $18.80 and its 200-day moving average is $17.15.

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

Insiders Place Their Bets

In other Garrett Motion news, SVP Daniel Deiro sold 20,000 shares of Garrett Motion stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $20.29, for a total transaction of $405,800.00. Following the sale, the senior vice president owned 160,994 shares in the company, valued at $3,266,568.26. The trade was a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Rabiller sold 144,000 shares of Garrett Motion stock in a transaction on Friday, February 27th. The stock was sold at an average price of $20.32, for a total transaction of $2,926,080.00. Following the sale, the chief executive officer owned 905,546 shares in the company, valued at $18,400,694.72. This represents a 13.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 337,000 shares of company stock worth $6,839,290 over the last 90 days. Corporate insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Garrett Motion

A number of institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Garrett Motion in the 4th quarter valued at $180,383,000. LSV Asset Management acquired a new stake in shares of Garrett Motion in the 3rd quarter valued at $58,247,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Garrett Motion by 170.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,139,439 shares of the company's stock valued at $89,580,000 after purchasing an additional 3,241,952 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of Garrett Motion in the 3rd quarter valued at $40,590,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Garrett Motion in the 3rd quarter valued at $36,539,000. Institutional investors and hedge funds own 86.27% of the company's stock.

Garrett Motion Company Profile

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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