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

Garrett Motion Inc. (NYSE:GTX) SVP Thierry Mabru sold 50,000 shares of the company’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 value 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Garrett Motion Trading Up 1.6 %

Garrett Motion stock opened at $7.55 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 7.40 and a beta of 1.17. The company has a 50-day moving average price of $8.02 and a 200 day moving average price of $8.59. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.16.

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

Hedge Funds Weigh In On Garrett Motion

Hedge funds have recently modified their holdings of the business. Covestor Ltd purchased a new stake in Garrett Motion in the 3rd quarter valued at about $28,000. Quarry LP increased its position in shares of Garrett Motion by 54.8% during the second quarter. Quarry LP now owns 5,170 shares of the company’s stock valued at $44,000 after acquiring an additional 1,830 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Garrett Motion in the 2nd quarter valued at approximately $67,000. Caprock Group LLC acquired a new position in shares of Garrett Motion in the 2nd quarter worth approximately $103,000. Finally, SG Americas Securities LLC purchased a new position in shares of Garrett Motion during the 2nd quarter worth approximately $118,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Garrett Motion in a 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.