Q4 EPS Estimates for Garrett Motion Lowered by BWS Financial

Garrett Motion Inc. (NYSE:GTX) – BWS Financial dropped their Q4 2024 earnings per share estimates for shares of Garrett Motion in a research report issued to clients and investors on Wednesday, January 22nd. BWS Financial analyst H. Khorsand now forecasts that the company will post earnings of $0.26 per share for the quarter, down from their prior estimate of $0.29. BWS Financial currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Garrett Motion’s current full-year earnings is $1.08 per share.

Garrett Motion Stock Performance

NYSE GTX opened at $9.41 on Monday. Garrett Motion has a 1 year low of $7.13 and a 1 year high of $10.16. The stock has a market capitalization of $2.01 billion, a P/E ratio of 9.22 and a beta of 1.16. The business’s fifty day moving average is $9.02 and its two-hundred day moving average is $8.47.

Garrett Motion Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 2.7%. Garrett Motion’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Investors Weigh In On Garrett Motion

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Advocates Investment Management acquired a new stake in shares of Garrett Motion in the fourth quarter worth $191,000. ARS Investment Partners LLC bought a new position in shares of Garrett Motion during the 4th quarter worth about $181,000. MassMutual Private Wealth & Trust FSB increased its stake in Garrett Motion by 20,649.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 63,493 shares of the company’s stock valued at $573,000 after acquiring an additional 63,187 shares during the period. Assenagon Asset Management S.A. raised its holdings in Garrett Motion by 32.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company’s stock valued at $1,755,000 after acquiring an additional 47,126 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Garrett Motion by 85.2% in the third quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after purchasing an additional 136,600 shares in the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

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.