Envestnet Asset Management Inc. Buys 120,356 Shares of Garrett Motion Inc. $GTX

Envestnet Asset Management Inc. boosted its stake in Garrett Motion Inc. (NYSE:GTX) by 288.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,088 shares of the company’s stock after buying an additional 120,356 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Garrett Motion worth $2,208,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of Garrett Motion during the first quarter valued at $42,000. Jane Street Group LLC lifted its holdings in Garrett Motion by 641.7% during the 1st quarter. Jane Street Group LLC now owns 90,919 shares of the company’s stock valued at $761,000 after purchasing an additional 78,661 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Garrett Motion by 50.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 258,734 shares of the company’s stock valued at $2,719,000 after purchasing an additional 87,280 shares during the last quarter. Amalgamated Bank acquired a new position in Garrett Motion in the second quarter valued at about $46,000. Finally, Bank of Montreal Can grew its stake in Garrett Motion by 5.7% during the second quarter. Bank of Montreal Can now owns 58,021 shares of the company’s stock worth $610,000 after buying an additional 3,106 shares during the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Olivier Rabiller sold 144,000 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $20.32, for a total value of $2,926,080.00. Following the transaction, the chief executive officer directly owned 905,546 shares in the company, valued at $18,400,694.72. This represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Daniel Deiro sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $20.29, for a total transaction of $405,800.00. Following the completion of the transaction, the senior vice president directly owned 160,994 shares in the company, valued at approximately $3,266,568.26. The trade was a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 337,000 shares of company stock valued at $6,839,290. 0.83% of the stock is currently owned by insiders.

Garrett Motion Price Performance

Shares of Garrett Motion stock opened at $20.36 on Friday. The firm has a 50 day simple moving average of $18.73 and a 200 day simple moving average of $16.15. Garrett Motion Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $21.42. The firm has a market cap of $3.87 billion, a P/E ratio of 16.03 and a beta of 0.33.

Garrett Motion (NYSE:GTX) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Garrett Motion had a negative return on equity of 38.75% and a net margin of 8.12%.Garrett Motion’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Garrett Motion Inc. will post 1.25 EPS for the current year.

Garrett Motion declared that its board has authorized a share buyback plan on Wednesday, December 3rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Garrett Motion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.6%. Garrett Motion’s dividend payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

GTX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on shares of Garrett Motion from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Zacks Research downgraded Garrett Motion from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. JPMorgan Chase & Co. assumed coverage on Garrett Motion in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $23.00 price objective on the stock. Finally, BWS Financial raised their target price on Garrett Motion from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Trending Headlines about Garrett Motion

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

• Positive Sentiment: Garrett won a China e‑bus e‑cooling contract, a product win that supports growth into electrified commercial vehicles and could expand addressable market and aftermarket revenue. Garrett’s China E-Bus E-Cooling Win
• Positive Sentiment: Institutional buying/momentum: Harbor Mid Cap Value Fund added GTX, a vote of confidence from a mid‑cap manager that can help drive demand. Harbor Mid Cap Value Fund Adds GTX
• Positive Sentiment: Corporate returns to shareholders: the company recently declared a quarterly dividend ($0.08/share) and has an active $250M buyback authorization (up to ~7.7% of shares), both supportive of the share price and signaling management’s confidence in cash generation. MarketBeat: GTX Profile
• Neutral Sentiment: Recent financials: Garrett beat the quarter on EPS ($0.42 vs. $0.39) and revenue grew ~5.6% year‑over‑year — healthy operational data but mixed longer‑term returns (negative ROE). MarketBeat: Earnings Summary
• Negative Sentiment: Significant insider selling: CEO Olivier Rabiller sold large blocks (143k and 144k shares across Feb. 25–27; SEC filings), and other insiders including SVP Daniel Deiro and Director Julia Steyn also sold material stakes. Large, clustered insider sales are creating near‑term downward pressure and investor concern about timing. Rabiller SEC Filing Deiro SEC Filing Director Sale Alert

About Garrett Motion

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.