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

BWS Financial restated their buy rating on shares of Garrett Motion (NYSE:GTX) in a research report released on Wednesday morning,Benzinga reports. BWS Financial currently has a $12.00 price objective on the stock. BWS Financial also issued estimates for Garrett Motion’s FY2024 earnings at $1.06 EPS, Q1 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.25 EPS.

Garrett Motion Stock Up 0.5 %

GTX stock opened at $9.60 on Wednesday. Garrett Motion has a 52-week low of $7.13 and a 52-week high of $10.16. The stock’s fifty day simple moving average is $8.95 and its 200-day simple moving average is $8.46. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 9.41 and a beta of 1.16.

Garrett Motion (NYSE:GTX) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.06). The business had revenue of $826.00 million for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.23 EPS. As a group, analysts anticipate that Garrett Motion will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.06 dividend. This represents a dividend yield of 2.7%. The ex-dividend date is Wednesday, January 15th. Garrett Motion’s dividend payout ratio (DPR) is currently 23.53%.

Insider Buying and Selling

In related news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total value of $373,500.00. Following the transaction, the senior vice president now directly owns 140,509 shares of the company’s stock, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. ARS Investment Partners LLC purchased a new position in shares of Garrett Motion in the 4th quarter worth $181,000. MassMutual Private Wealth & Trust FSB raised its position in Garrett Motion by 20,649.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 63,493 shares of the company’s stock valued at $573,000 after purchasing an additional 63,187 shares during the period. Assenagon Asset Management S.A. raised its position in Garrett Motion by 32.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company’s stock valued at $1,755,000 after purchasing an additional 47,126 shares during the period. Barclays PLC raised its position in Garrett Motion by 85.2% in the third quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after purchasing an additional 136,600 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Garrett Motion in the third quarter valued at about $5,928,000. 86.27% of the stock is owned by hedge funds and other 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.