Garrett Motion (NASDAQ:GTX) Director Daniel Ninivaggi Sells 17,178 Shares

Garrett Motion Inc. (NASDAQ:GTX) Director Daniel Ninivaggi sold 17,178 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $31.22, for a total value of $536,297.16. Following the completion of the sale, the director owned 124,885 shares in the company, valued at approximately $3,898,909.70. This trade represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Garrett Motion Price Performance

Shares of Garrett Motion stock opened at $30.98 on Friday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $18.93. Garrett Motion Inc. has a one year low of $9.57 and a one year high of $32.44.

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

Garrett Motion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.08 dividend. 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 payout ratio is currently 18.71%.

Analyst Ratings Changes

A number of analysts recently issued reports on GTX shares. BWS Financial lifted their target price on Garrett Motion from $22.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Garrett Motion from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on Garrett Motion from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Freedom Capital downgraded Garrett Motion from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 target price on shares of Garrett Motion in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Garrett Motion presently has a consensus rating of “Moderate Buy” and an average price target of $27.80.

More Garrett Motion News

Here are the key news stories impacting Garrett Motion this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Garrett Motion and reiterated an overweight/buy-type stance, signaling confidence in the company’s near-term upside. JPMorgan Raises Garrett Motion Price Target
• Positive Sentiment: Analysts also highlighted rising earnings estimate revisions, which often supports a stock as investors grow more optimistic about future profits. Rising Earnings Estimates Article
• Positive Sentiment: News that Garrett Motion’s partnership with Ingersoll Rand is fitting into strong share-price momentum suggests investors are rewarding strategic progress and business execution. Garrett Motion Partnership With Ingersoll Rand
• Positive Sentiment: The company also lifted its 2026 outlook after a strong first quarter, reinforcing the view that fundamentals are improving. Garrett Motion Lifts 2026 Outlook After Strong Q1
• Neutral Sentiment: Director Daniel A. Ninivaggi sold 17,178 shares in a pre-arranged Rule 10b5-1 transaction. While insider sales can draw attention, the planned nature of the trade makes it less concerning than an open-market sale. SEC Filing for Insider Sale

Hedge Funds Weigh In On Garrett Motion

A number of institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC increased its position in Garrett Motion by 8.1% during the first quarter. Lazard Asset Management LLC now owns 246,671 shares of the company’s stock worth $4,482,000 after buying an additional 18,385 shares during the last quarter. Weiss Asset Management LP acquired a new position in Garrett Motion during the first quarter worth approximately $1,443,000. OMERS ADMINISTRATION Corp increased its position in Garrett Motion by 20.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 120,765 shares of the company’s stock worth $2,194,000 after buying an additional 20,500 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Garrett Motion by 1.2% during the first quarter. Public Employees Retirement System of Ohio now owns 536,600 shares of the company’s stock worth $9,750,000 after buying an additional 6,415 shares during the last quarter. Finally, Capula Management Ltd acquired a new position in Garrett Motion during the first quarter worth approximately $2,490,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

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.