32,600 Garrett Motion Inc. $GTX Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its position in Garrett Motion Inc. (NASDAQ:GTX) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,000 shares of the company’s stock after selling 32,600 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.18% of Garrett Motion worth $8,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Persistent Asset Partners Ltd acquired a new position in Garrett Motion during the 2nd quarter worth $27,000. Root Financial Partners LLC acquired a new stake in shares of Garrett Motion in the third quarter valued at about $32,000. Farther Finance Advisors LLC increased its stake in shares of Garrett Motion by 39.6% in the third quarter. Farther Finance Advisors LLC now owns 1,679 shares of the company’s stock worth $44,000 after purchasing an additional 476 shares during the period. Allworth Financial LP bought a new position in shares of Garrett Motion in the second quarter worth about $64,000. Finally, Global Retirement Partners LLC bought a new position in shares of Garrett Motion in the second quarter worth about $65,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen downgraded Garrett Motion from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. BWS Financial reaffirmed a “buy” rating and issued a $42.00 price target on shares of Garrett Motion in a research report on Thursday, October 8th. Weiss Ratings downgraded Garrett Motion from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. cut their price target on Garrett Motion from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft raised Garrett Motion from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Garrett Motion currently has an average rating of “Moderate Buy” and a consensus price target of $38.20.

Garrett Motion Price Performance

NASDAQ GTX opened at $20.91 on Monday. The company’s fifty day moving average is $25.54 and its two-hundred day moving average is $25.34. Garrett Motion Inc. has a 52-week low of $15.54 and a 52-week high of $36.25. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 0.63 and a beta of 0.83.

Garrett Motion (NASDAQ:GTX) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Garrett Motion had a net margin of 9.97% and a negative return on equity of 52.43%. The business had revenue of $930.00 million during the quarter. During the same period in the prior year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Garrett Motion Inc. will post 1.88 earnings per share for the current fiscal year.

Garrett Motion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, December 1st. Garrett Motion’s payout ratio is currently 16.41%.

Insider Transactions at Garrett Motion

In other Garrett Motion news, SVP Daniel Deiro sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $26.70, for a total value of $801,000.00. Following the completion of the transaction, the senior vice president owned 133,783 shares of the company’s stock, valued at $3,572,006.10. This represents a 18.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Key Headlines Impacting Garrett Motion

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

• Positive Sentiment: Garrett reported third-quarter adjusted earnings of $0.51 per share, above the $0.45 analyst consensus and up from $0.38 a year earlier. Net sales rose 3% year over year to $930 million, while adjusted EBIT reached $152 million, or a 16.3% margin. Garrett Motion Q3 Earnings Surpass Estimates
• Positive Sentiment: The company announced a $250 million share-repurchase program for 2027, which could support earnings per share and signal management confidence in the stock’s valuation. Garrett also generated $136 million in adjusted free cash flow during the quarter. Garrett Motion Reports Q3 Results and Announces Repurchase Program
• Positive Sentiment: Garrett reaffirmed its 2026 full-year outlook and cited stronger-than-expected industrial growth, new turbocharger awards, and progress toward 2027 launches for electric powertrain and electric-cooling compressor products. The company also declared a quarterly dividend of $0.08 per share.
• Neutral Sentiment: Director Steven Tesoriere resigned from the board after representing Oaktree Capital Management. The company described the departure as orderly and praised his contributions, but the change may prompt some investor questions about governance and shareholder representation. Garrett Motion Announces Board Retirement
• Negative Sentiment: Although earnings exceeded estimates, quarterly revenue of $930 million was below the FactSet forecast of $935.2 million. Investors may also have been disappointed that Garrett reaffirmed, rather than raised, its full-year guidance despite the strong quarter. Garrett Motion Q3 Revenue Report

About Garrett Motion

Garrett Motion Inc is an automotive technology company that develops and manufactures solutions designed to improve vehicle performance, efficiency and emissions. Its products serve passenger vehicles, commercial vehicles and off-highway applications, supporting both internal-combustion and electrified powertrains.

The company is best known for its turbocharging technologies, including turbochargers and related air-management systems. Garrett also develops electric boosting systems, fuel-cell compressors, thermal-management products and other components intended to support hybrid, electric and fuel-cell vehicles.