18,434 Shares in Garrett Motion Inc. $GTX Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Garrett Motion Inc. (NASDAQ:GTX) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 18,434 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LSV Asset Management lifted its holdings in Garrett Motion by 45.8% in 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 in the last quarter. Global Retirement Partners LLC lifted its holdings in Garrett Motion by 156.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,589 shares of the company’s stock valued at $28,000 after purchasing an additional 970 shares in the last quarter. IFP Advisors Inc lifted its holdings in Garrett Motion by 20,496.9% in the 4th quarter. IFP Advisors Inc now owns 6,591 shares of the company’s stock valued at $115,000 after purchasing an additional 6,559 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Garrett Motion by 7,110.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,442 shares of the company’s stock valued at $25,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Garrett Motion by 9,329.3% in the 4th quarter. Covestor Ltd now owns 3,866 shares of the company’s stock valued at $67,000 after purchasing an additional 3,825 shares in the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GTX. JPMorgan Chase & Co. upped their target price on shares of Garrett Motion from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada set a $42.00 target price on shares of Garrett Motion in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 target price on shares of Garrett Motion in a report on Friday, May 1st. Freedom Capital lowered shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, BWS Financial upped their target price on shares of Garrett Motion from $32.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Garrett Motion presently has an average rating of “Moderate Buy” and a consensus price target of $31.83.

Insider Activity at Garrett Motion

In other news, Director Daniel A. Ninivaggi sold 17,178 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $31.22, for a total transaction of $536,297.16. Following the completion of the transaction, the director owned 124,885 shares of the company’s stock, valued at $3,898,909.70. This represents a 12.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Garrett Motion Price Performance

NASDAQ GTX opened at $32.76 on Monday. Garrett Motion Inc. has a 12 month low of $9.57 and a 12 month high of $34.34. The company has a 50-day moving average of $23.65 and a 200-day moving average of $20.01. The company has a market cap of $6.13 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.09 and a beta of 0.79.

Garrett Motion (NASDAQ:GTX) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.49 EPS 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 during the quarter, compared to the consensus estimate of $917.23 million. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Garrett Motion Inc. will post 1.83 EPS for the current year.

Garrett Motion Announces Dividend

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

Garrett Motion Company Profile

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.