Garrett Motion (NYSE:GTX) Receives "Buy" Rating from BWS Financial

BWS Financial reaffirmed their buy rating on shares of Garrett Motion (NYSE:GTX - Free Report) in a research note issued to investors on Wednesday,Benzinga reports. BWS Financial currently has a $14.00 price objective on the stock. BWS Financial also issued estimates for Garrett Motion's Q2 2025 earnings at $0.37 EPS, FY2025 earnings at $1.31 EPS, Q1 2026 earnings at $0.37 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.34 EPS and FY2026 earnings at $1.45 EPS.

Garrett Motion Price Performance

Shares of Garrett Motion stock traded up $0.21 during midday trading on Wednesday, hitting $10.50. 24,616,518 shares of the company were exchanged, compared to its average volume of 1,336,046. The firm has a market cap of $2.13 billion, a P/E ratio of 8.27 and a beta of 0.02. Garrett Motion has a 52 week low of $7.02 and a 52 week high of $12.09. The firm has a 50 day simple moving average of $10.51 and a 200-day simple moving average of $9.59.

Garrett Motion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, June 2nd. Garrett Motion's payout ratio is 18.60%.

Insider Activity

In related news, major shareholder Cyrus Capital Partners, L.P. sold 155,000 shares of Garrett Motion stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $11.25, for a total value of $1,743,750.00. Following the completion of the transaction, the insider now directly owns 25,151,724 shares of the company's stock, valued at $282,956,895. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Centerbridge Credit Partners M sold 3,000,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $10.30, for a total transaction of $30,900,000.00. Following the transaction, the insider now owns 8,906,010 shares in the company, valued at approximately $91,731,903. This trade represents a 25.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,807,441 shares of company stock worth $47,590,841. Insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On Garrett Motion

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in shares of Garrett Motion by 14.4% during the 1st quarter. Deutsche Bank AG now owns 9,383 shares of the company's stock valued at $79,000 after acquiring an additional 1,181 shares during the last quarter. Arizona State Retirement System raised its position in shares of Garrett Motion by 11.4% during the 4th quarter. Arizona State Retirement System now owns 25,362 shares of the company's stock valued at $229,000 after acquiring an additional 2,586 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Garrett Motion by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 72,919 shares of the company's stock valued at $653,000 after acquiring an additional 3,774 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Garrett Motion by 14.3% during the 4th quarter. HighTower Advisors LLC now owns 31,101 shares of the company's stock valued at $281,000 after acquiring an additional 3,880 shares during the last quarter. Finally, Quarry LP raised 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 valued at $70,000 after acquiring an additional 4,988 shares during the last quarter. Institutional investors own 86.27% of the company's stock.

Garrett Motion Company 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.