Garrett Motion Inc. (NYSE:GTX) SVP Thierry Mabru Sells 50,000 Shares

Garrett Motion Inc. (NYSE:GTX) SVP Thierry Mabru sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the sale, the senior vice president now directly owns 140,509 shares in the company, valued at approximately $1,049,602.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Garrett Motion Stock Down 5.1 %

NYSE GTX opened at $7.43 on Friday. The company’s 50 day moving average is $8.04 and its 200-day moving average is $8.60. Garrett Motion Inc. has a 12-month low of $7.03 and a 12-month high of $10.16. The firm has a market cap of $1.59 billion, a P/E ratio of 7.68 and a beta of 1.15.

Garrett Motion (NYSE:GTX) last posted its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The firm had revenue of $826.00 million for the quarter, compared to the consensus estimate of $854.00 million. Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. During the same period last year, the company posted $0.23 EPS. Equities analysts expect that Garrett Motion Inc. will post 1.08 EPS for the current year.

Institutional Trading of Garrett Motion

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Garrett Motion during the 3rd quarter worth approximately $1,204,000. Handelsbanken Fonder AB increased its holdings in Garrett Motion by 88.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 20,200 shares of the company’s stock worth $165,000 after acquiring an additional 9,500 shares during the period. Quarry LP grew its stake in Garrett Motion by 54.8% in the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after buying an additional 1,830 shares in the last quarter. Algert Global LLC grew its stake in Garrett Motion by 109.0% in the 2nd quarter. Algert Global LLC now owns 46,718 shares of the company’s stock worth $401,000 after buying an additional 24,368 shares in the last quarter. Finally, Maverick Capital Ltd. grew its stake in Garrett Motion by 324.1% in the 2nd quarter. Maverick Capital Ltd. now owns 169,061 shares of the company’s stock worth $1,452,000 after buying an additional 129,195 shares in the last quarter. Institutional investors own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Garrett Motion in a research report on Friday, October 25th.

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.