BWS Financial Reiterates Buy Rating for Garrett Motion (NYSE:GTX)

BWS Financial restated their buy rating on shares of Garrett Motion (NYSE:GTX) in a report published on Wednesday morning,Benzinga reports. They currently have a $12.00 target price on the stock.

Garrett Motion Trading Down 1.8 %

NYSE:GTX opened at $9.45 on Wednesday. The firm has a fifty day simple moving average of $8.88 and a 200 day simple moving average of $8.45. Garrett Motion has a 1-year low of $7.13 and a 1-year high of $10.16. The stock has a market capitalization of $2.02 billion, a PE ratio of 9.26 and a beta of 1.16.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The firm had revenue of $826.00 million for the quarter, compared to analyst estimates of $854.00 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Garrett Motion will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, January 15th. This represents a yield of 2.7%. Garrett Motion’s dividend payout ratio is 23.53%.

Insider Transactions at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was 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 owns 140,509 shares of the company’s stock, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Garrett Motion

Several large investors have recently modified their holdings of GTX. Dimensional Fund Advisors LP grew its stake in Garrett Motion by 17.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company’s stock valued at $19,570,000 after buying an additional 335,472 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Garrett Motion during the second quarter worth approximately $173,000. Squarepoint Ops LLC bought a new position in shares of Garrett Motion during the second quarter worth approximately $552,000. AYAL Capital Advisors Ltd lifted its holdings in Garrett Motion by 25.0% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 625,000 shares of the company’s stock worth $5,369,000 after purchasing an additional 125,000 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new stake in Garrett Motion in the 2nd quarter valued at $131,000. 86.27% of the stock is owned by institutional investors.

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.