Insider Selling: Garrett Motion Inc. (NYSE:GTX) Director Sells $122,780.00 in Stock

Garrett Motion Inc. (NYSE:GTX) Director Julia Steyn sold 14,000 shares of Garrett Motion stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total transaction of $122,780.00. Following the transaction, the director now owns 53,781 shares of the company’s stock, valued at approximately $471,659.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Garrett Motion Price Performance

Shares of NYSE GTX opened at $8.30 on Monday. The company has a market cap of $1.88 billion, a PE ratio of -7.22 and a beta of 1.21. Garrett Motion Inc. has a 12 month low of $6.43 and a 12 month high of $10.16. The company has a 50-day simple moving average of $8.84 and a 200-day simple moving average of $9.18.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. The business had revenue of $890.00 million during the quarter, compared to the consensus estimate of $950.00 million. During the same period in the previous year, the firm posted ($1.88) earnings per share. On average, analysts anticipate that Garrett Motion Inc. will post 1.17 EPS for the current year.

Institutional Investors Weigh In On Garrett Motion

Institutional investors have recently bought and sold shares of the stock. Global Endowment Management LP purchased a new stake in Garrett Motion in the fourth quarter valued at approximately $1,051,000. Findell Capital Management LLC acquired a new position in shares of Garrett Motion during the fourth quarter worth $6,875,000. Jump Financial LLC raised its holdings in Garrett Motion by 1,332.1% in the fourth quarter. Jump Financial LLC now owns 187,600 shares of the company’s stock valued at $1,814,000 after acquiring an additional 174,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in Garrett Motion by 152.0% in the third quarter. Vanguard Group Inc. now owns 2,224,144 shares of the company’s stock valued at $17,526,000 after acquiring an additional 1,341,535 shares in the last quarter. Finally, Redwood Investment Management LLC acquired a new stake in Garrett Motion in the first quarter valued at $639,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial lowered their price target on shares of Garrett Motion from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 25th.

About Garrett Motion

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.