Garrett Motion Inc. (NYSE:GTX) SVP Thierry Mabru Sells 50,000 Shares

Garrett Motion Inc. (NYSE:GTX) SVP Thierry Mabru sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Garrett Motion Stock Performance

Shares of Garrett Motion stock opened at $7.43 on Friday. Garrett Motion Inc. has a 52-week low of $7.03 and a 52-week high of $10.16. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 7.68 and a beta of 1.15. The company has a fifty day moving average of $8.04 and a 200-day moving average of $8.60.

Garrett Motion (NYSE:GTX) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). The firm had revenue of $826.00 million for the quarter, compared to analysts’ expectations of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same period in the previous year, the company earned $0.23 EPS. On average, equities research analysts forecast that Garrett Motion Inc. will post 1.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Garrett Motion

Institutional investors have recently added to or reduced their stakes in the company. Redwood Investment Management LLC purchased a new stake in Garrett Motion during the 1st quarter valued at $639,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Garrett Motion in the 1st quarter worth $1,962,000. BNP Paribas Financial Markets raised its holdings in Garrett Motion by 133.0% in the 1st quarter. BNP Paribas Financial Markets now owns 139,543 shares of the company’s stock worth $1,387,000 after purchasing an additional 79,656 shares in the last quarter. Quest Partners LLC raised its holdings in Garrett Motion by 840.7% in the 2nd quarter. Quest Partners LLC now owns 114,816 shares of the company’s stock worth $986,000 after purchasing an additional 102,611 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 worth $19,570,000 after purchasing an additional 335,472 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Garrett Motion Company 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.