De Lisle Partners LLP Has $4.38 Million Holdings in Garrett Motion Inc. $GTX

De Lisle Partners LLP raised its stake in Garrett Motion Inc. (NYSE:GTX) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,520 shares of the company’s stock after purchasing an additional 20,000 shares during the period. De Lisle Partners LLP owned approximately 0.21% of Garrett Motion worth $4,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GTX. Gates Capital Management Inc. lifted its stake in shares of Garrett Motion by 53.1% in the first quarter. Gates Capital Management Inc. now owns 6,795,553 shares of the company’s stock valued at $56,879,000 after buying an additional 2,358,294 shares during the period. William Blair Investment Management LLC lifted its position in shares of Garrett Motion by 2.6% in the 2nd quarter. William Blair Investment Management LLC now owns 5,110,528 shares of the company’s stock worth $53,712,000 after acquiring an additional 128,479 shares during the period. Geode Capital Management LLC lifted its position in shares of Garrett Motion by 92.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,053,869 shares of the company’s stock worth $32,100,000 after acquiring an additional 1,466,048 shares during the period. Eubel Brady & Suttman Asset Management Inc. increased its position in shares of Garrett Motion by 37.1% during the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,925,770 shares of the company’s stock valued at $30,750,000 after purchasing an additional 791,177 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Garrett Motion by 2.8% during the first quarter. Vanguard Group Inc. now owns 2,304,014 shares of the company’s stock valued at $19,285,000 after purchasing an additional 62,844 shares during the period. Institutional investors own 86.27% of the company’s stock.

Insider Transactions at Garrett Motion

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 350,566 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.28, for a total value of $4,655,516.48. Following the transaction, the insider owned 20,009,945 shares of the company’s stock, valued at approximately $265,732,069.60. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 613,403 shares of company stock valued at $8,133,314. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GTX shares. Zacks Research upgraded shares of Garrett Motion from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus set a $20.00 target price on shares of Garrett Motion in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Garrett Motion in a research report on Monday, October 20th. They issued a “hold” rating and a $14.00 price target for the company. Finally, BWS Financial reaffirmed a “buy” rating and set a $18.00 price objective on shares of Garrett Motion in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.50.

Garrett Motion Stock Up 0.5%

Shares of GTX stock opened at $16.72 on Friday. The company has a market capitalization of $3.25 billion, a P/E ratio of 13.17 and a beta of 0.41. Garrett Motion Inc. has a 12-month low of $7.01 and a 12-month high of $17.91. The firm has a 50-day moving average price of $15.13 and a 200 day moving average price of $12.98.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Garrett Motion had a net margin of 8.12% and a negative return on equity of 38.75%. During the same quarter in the previous year, the business earned $0.24 EPS. Garrett Motion’s revenue was up 9.2% compared to the same quarter last year. Garrett Motion has set its FY 2025 guidance at EPS. As a group, research analysts expect that Garrett Motion Inc. will post 1.25 earnings per share for the current year.

Garrett Motion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, December 1st. This is a positive change from Garrett Motion’s previous quarterly dividend of $0.06. Garrett Motion’s dividend payout ratio is presently 20.38%.

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.