Thierry Mabru Sells 50,000 Shares of Garrett Motion Inc. (NYSE:GTX) Stock

Garrett Motion Inc. (NYSE:GTX) SVP Thierry Mabru sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the completion of 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Garrett Motion Trading Down 5.1 %

Shares of GTX traded down $0.40 during midday trading on Thursday, reaching $7.43. 705,612 shares of the stock were exchanged, compared to its average volume of 932,365. Garrett Motion Inc. has a 52 week low of $7.03 and a 52 week high of $10.16. The company’s 50 day moving average is $8.05 and its two-hundred day moving average is $8.61. The company has a market capitalization of $1.59 billion, a P/E ratio of -6.46 and a beta of 1.15.

Garrett Motion (NYSE:GTX) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a negative return on equity of 33.11% and a net margin of 6.44%. The firm had revenue of $826.00 million for the quarter, compared to the consensus estimate of $854.00 million. During the same period in the previous year, the company posted $0.23 EPS. On average, sell-side analysts expect that Garrett Motion Inc. will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Garrett Motion

A number of hedge funds have recently made changes to their positions in GTX. Quarry LP lifted its stake in shares of Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after purchasing an additional 1,830 shares during the last quarter. nVerses Capital LLC purchased a new stake in Garrett Motion in the second quarter valued at about $67,000. Caprock Group LLC purchased a new stake in Garrett Motion in the second quarter valued at about $103,000. SG Americas Securities LLC purchased a new stake in Garrett Motion in the second quarter valued at about $118,000. Finally, MBB Public Markets I LLC purchased a new stake in Garrett Motion in the second quarter valued at about $131,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research report on Friday, October 25th.

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.