Seizert Capital Partners LLC Sells 13,868 Shares of Garrett Motion Inc. (NYSE:GTX)

Seizert Capital Partners LLC reduced its position in Garrett Motion Inc. (NYSE:GTX) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 645,264 shares of the company’s stock after selling 13,868 shares during the quarter. Seizert Capital Partners LLC’s holdings in Garrett Motion were worth $5,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GTX. Atria Investments Inc purchased a new stake in Garrett Motion during the third quarter valued at approximately $237,000. Covestor Ltd acquired a new position in shares of Garrett Motion during the third quarter worth $28,000. Entropy Technologies LP lifted its holdings in shares of 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 purchasing an additional 2,600 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Garrett Motion during the 3rd quarter valued at $616,000. Finally, New South Capital Management Inc. boosted its position in shares of Garrett Motion by 19.0% in the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock worth $22,170,000 after purchasing an additional 431,779 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $12.00 target price on shares of Garrett Motion in a research report on Tuesday, February 25th.

Garrett Motion Stock Down 2.1 %

Shares of Garrett Motion stock opened at $9.44 on Wednesday. The company has a 50 day moving average price of $9.37 and a 200 day moving average price of $8.62. The firm has a market capitalization of $1.94 billion, a P/E ratio of 7.43 and a beta of 1.09. Garrett Motion Inc. has a 52 week low of $7.13 and a 52 week high of $10.39.

Garrett Motion Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 2.7%. Garrett Motion’s payout ratio is currently 18.90%.

Insider Activity

In related news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of Garrett Motion stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $9.94, for a total transaction of $875,326.34. Following the completion of the sale, the insider now owns 10,395,183 shares of the company’s stock, valued at $103,328,119.02. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Garrett Motion 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.