Garrett Motion’s (GTX) Buy Rating Reiterated at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Garrett Motion (NYSE:GTX) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock. BWS Financial also issued estimates for Garrett Motion’s FY2024 earnings at $1.06 EPS, Q1 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.25 EPS.

Garrett Motion Trading Up 0.5 %

Shares of GTX stock opened at $9.60 on Wednesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 9.41 and a beta of 1.16. The stock has a 50 day simple moving average of $8.95 and a 200-day simple moving average of $8.46. Garrett Motion has a 12-month low of $7.13 and a 12-month high of $10.16.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data 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). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The firm had revenue of $826.00 million during the quarter, compared to analysts’ expectations of $854.00 million. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities analysts forecast that Garrett Motion will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.06 dividend. This represents a yield of 2.7%. The ex-dividend date is Wednesday, January 15th. Garrett Motion’s payout ratio is currently 23.53%.

Insider Activity at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of the firm’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 value 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 $1,049,602.23. This trade represents a 26.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Garrett Motion

A number of large investors have recently bought and sold shares of the stock. Quarry LP grew its holdings in Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock valued at $44,000 after buying an additional 1,830 shares during the last quarter. Entropy Technologies LP grew its holdings in Garrett Motion by 17.0% during the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company’s stock valued at $147,000 after buying an additional 2,600 shares during the last quarter. Covestor Ltd acquired a new stake in Garrett Motion during the 3rd quarter valued at $28,000. Moors & Cabot Inc. grew its holdings in Garrett Motion by 7.4% during the 3rd quarter. Moors & Cabot Inc. now owns 72,500 shares of the company’s stock valued at $593,000 after buying an additional 5,000 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new stake in Garrett Motion during the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

About Garrett Motion

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.