Measured Wealth Private Client Group LLC Raises Stock Holdings in Garrett Motion Inc. $GTX

Measured Wealth Private Client Group LLC boosted its holdings in Garrett Motion Inc. (NASDAQ:GTX) by 150.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,956 shares of the company’s stock after buying an additional 21,010 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Garrett Motion were worth $609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. William Blair Investment Management LLC increased its position in shares of Garrett Motion by 51.0% during the 3rd quarter. William Blair Investment Management LLC now owns 7,715,824 shares of the company’s stock valued at $105,090,000 after purchasing an additional 2,605,296 shares during the last quarter. LSV Asset Management increased its position in shares of Garrett Motion by 45.8% during the 4th quarter. LSV Asset Management now owns 6,235,408 shares of the company’s stock valued at $108,683,000 after purchasing an additional 1,958,808 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Garrett Motion by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 4,424,546 shares of the company’s stock valued at $77,120,000 after purchasing an additional 234,735 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Garrett Motion by 10.9% during the 4th quarter. Geode Capital Management LLC now owns 3,881,043 shares of the company’s stock valued at $67,655,000 after purchasing an additional 380,729 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Garrett Motion by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,186,089 shares of the company’s stock valued at $43,390,000 after purchasing an additional 70,155 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Insider Buying and Selling at Garrett Motion

In related news, Director Daniel A. Ninivaggi sold 17,178 shares of Garrett Motion stock in a transaction on Friday, May 15th. The shares were sold at an average price of $31.22, for a total transaction of $536,297.16. Following the transaction, the director owned 124,885 shares in the company, valued at approximately $3,898,909.70. The trade was a 12.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Garrett Motion Stock Performance

GTX opened at $32.76 on Friday. Garrett Motion Inc. has a fifty-two week low of $9.57 and a fifty-two week high of $34.34. The firm’s fifty day moving average is $23.65 and its 200 day moving average is $19.99. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70.

Garrett Motion (NASDAQ:GTX) last released its earnings results on Friday, May 1st. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Garrett Motion had a net margin of 9.29% and a negative return on equity of 42.77%. The company had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $917.23 million. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts predict that Garrett Motion Inc. will post 1.83 earnings per share for the current year.

Garrett Motion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Garrett Motion’s payout ratio is 18.71%.

Analyst Ratings Changes

GTX has been the subject of several research reports. BWS Financial upped their price target on shares of Garrett Motion from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings initiated coverage on shares of Garrett Motion in a research report on Wednesday, April 29th. They set a “buy (b)” rating for the company. Stifel Nicolaus upped their price target on shares of Garrett Motion from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. upped their price target on shares of Garrett Motion from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 price target on shares of Garrett Motion in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.83.

About Garrett Motion

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.