MassMutual Private Wealth & Trust FSB Has $573,000 Stake in Garrett Motion Inc. (NYSE:GTX)

MassMutual Private Wealth & Trust FSB grew its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 20,649.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 63,493 shares of the company’s stock after acquiring an additional 63,187 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Garrett Motion were worth $573,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New South Capital Management Inc. grew its holdings in Garrett Motion by 19.0% during the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after purchasing an additional 431,779 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Garrett Motion by 17.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company’s stock valued at $19,570,000 after buying an additional 335,472 shares in the last quarter. Royce & Associates LP raised its stake in Garrett Motion by 7.1% during the 3rd quarter. Royce & Associates LP now owns 1,649,218 shares of the company’s stock worth $13,491,000 after buying an additional 109,430 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Garrett Motion by 5.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company’s stock worth $11,611,000 after acquiring an additional 70,246 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Garrett Motion by 25.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock valued at $10,501,000 after acquiring an additional 256,366 shares during the period. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the transaction, the senior vice president now owns 140,509 shares in the company, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Garrett Motion Stock Performance

Shares of GTX opened at $9.62 on Wednesday. The firm’s 50 day moving average price is $8.85 and its two-hundred day moving average price is $8.44. Garrett Motion Inc. has a twelve month low of $7.13 and a twelve month high of $10.16. The firm has a market cap of $2.05 billion, a P/E ratio of 9.43 and a beta of 1.16.

Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The company had revenue of $826.00 million during the quarter, compared to analyst estimates of $854.00 million. During the same period in the previous year, the company posted $0.23 earnings per share. On average, sell-side analysts anticipate that Garrett Motion Inc. will post 1.08 earnings per share for the current fiscal year.

Garrett Motion Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Investors 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 is presently 23.53%.

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.