Garrett Motion Inc. (NYSE:GTX – Free Report) – Analysts at BWS Financial lowered their Q4 2024 earnings per share (EPS) 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 anticipates that the company will post earnings of $0.26 per share for the quarter, down from their prior forecast 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 (NYSE:GTX – Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The company had revenue of $826.00 million during the quarter, compared to analysts’ expectations of $854.00 million. Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. During the same period in the prior year, the company posted $0.23 earnings per share.
Garrett Motion Price Performance
Garrett Motion Announces Dividend
The firm also recently announced a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.06 dividend. This represents a yield of 2.7%. The ex-dividend date is Wednesday, January 15th. Garrett Motion’s dividend payout ratio (DPR) is 23.53%.
Insider Activity
In other news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 140,509 shares in the company, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.
Institutional Trading of Garrett Motion
Hedge funds have recently bought and sold shares of the company. ARS Investment Partners LLC bought a new stake in shares of Garrett Motion during the 4th quarter valued at about $181,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Garrett Motion by 20,649.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 63,493 shares of the company’s stock worth $573,000 after buying an additional 63,187 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Garrett Motion by 32.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company’s stock valued at $1,755,000 after buying an additional 47,126 shares during the period. Barclays PLC increased its holdings in Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after buying an additional 136,600 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Garrett Motion in the third quarter worth approximately $5,928,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.
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.
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