ARS Investment Partners LLC Takes $181,000 Position in Garrett Motion Inc. (NYSE:GTX)

ARS Investment Partners LLC purchased a new position in shares of Garrett Motion Inc. (NYSE:GTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company’s stock, valued at approximately $181,000.

Several other institutional investors have also recently added to or reduced their stakes in GTX. New South Capital Management Inc. grew its stake in shares of Garrett Motion by 19.0% in the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after purchasing an additional 431,779 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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. Royce & Associates LP grew its position in Garrett Motion by 7.1% in the 3rd quarter. Royce & Associates LP now owns 1,649,218 shares of the company’s stock valued at $13,491,000 after buying an additional 109,430 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Garrett Motion by 5.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company’s stock valued at $11,611,000 after buying an additional 70,246 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in Garrett Motion by 25.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock worth $10,501,000 after buying an additional 256,366 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Garrett Motion Stock Performance

GTX opened at $9.62 on Wednesday. Garrett Motion Inc. has a one year low of $7.13 and a one year high of $10.16. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 9.43 and a beta of 1.16. The business’s fifty day moving average is $8.85 and its two-hundred day moving average is $8.44.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings data 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 business had revenue of $826.00 million for the quarter, compared to analysts’ expectations 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 business earned $0.23 earnings per share. On average, analysts predict that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Garrett Motion Announces Dividend

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 dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 2.7%. Garrett Motion’s dividend payout ratio (DPR) is currently 23.53%.

Garrett Motion 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.