Convergence Investment Partners LLC Cuts Stock Position in Garrett Motion Inc. $GTX

Convergence Investment Partners LLC lowered its holdings in Garrett Motion Inc. (NASDAQ:GTX) by 60.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,529 shares of the company’s stock after selling 69,963 shares during the period. Convergence Investment Partners LLC’s holdings in Garrett Motion were worth $794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GTX. JPMorgan Chase & Co. raised its stake in shares of Garrett Motion by 45.1% in the third quarter. JPMorgan Chase & Co. now owns 1,705,484 shares of the company’s stock valued at $23,229,000 after buying an additional 529,949 shares during the period. Federated Hermes Inc. bought a new stake in shares of Garrett Motion in the third quarter valued at $1,646,000. Renaissance Group LLC bought a new stake in shares of Garrett Motion in the third quarter valued at $1,156,000. Yorkville Advisors Global LP bought a new stake in shares of Garrett Motion in the third quarter valued at $11,168,000. Finally, Ruffer LLP bought a new stake in shares of Garrett Motion in the third quarter valued at $3,684,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GTX shares. Freedom Capital lowered Garrett Motion from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Stifel Nicolaus boosted their target price on Garrett Motion from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Garrett Motion from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 target price on shares of Garrett Motion in a research note on Friday, May 1st. Finally, BWS Financial boosted their target price on Garrett Motion from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Garrett Motion has an average rating of “Moderate Buy” and an average price target of $27.80.

Insider Transactions at Garrett Motion

In related news, Director Julia Steyn sold 17,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $19.86, for a total transaction of $337,620.00. Following the completion of the sale, the director directly owned 50,233 shares in the company, valued at $997,627.38. This represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel A. Ninivaggi sold 17,178 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $31.22, for a total value of $536,297.16. Following the sale, the director owned 124,885 shares of the company’s stock, valued at $3,898,909.70. This represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 354,178 shares of company stock valued at $7,375,587 over the last quarter. 1.10% of the stock is owned by company insiders.

Garrett Motion News Roundup

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

• Positive Sentiment: JPMorgan Chase raised its price target on Garrett Motion and reiterated an overweight/buy-type stance, signaling confidence in the company’s near-term upside. JPMorgan Raises Garrett Motion Price Target
• Positive Sentiment: Analysts also highlighted rising earnings estimate revisions, which often supports a stock as investors grow more optimistic about future profits. Rising Earnings Estimates Article
• Positive Sentiment: News that Garrett Motion’s partnership with Ingersoll Rand is fitting into strong share-price momentum suggests investors are rewarding strategic progress and business execution. Garrett Motion Partnership With Ingersoll Rand
• Positive Sentiment: The company also lifted its 2026 outlook after a strong first quarter, reinforcing the view that fundamentals are improving. Garrett Motion Lifts 2026 Outlook After Strong Q1
• Neutral Sentiment: Director Daniel A. Ninivaggi sold 17,178 shares in a pre-arranged Rule 10b5-1 transaction. While insider sales can draw attention, the planned nature of the trade makes it less concerning than an open-market sale. SEC Filing for Insider Sale

Garrett Motion Trading Down 2.8%

GTX opened at $30.98 on Friday. The stock has a 50-day moving average price of $20.76 and a 200-day moving average price of $18.93. Garrett Motion Inc. has a 12-month low of $9.57 and a 12-month high of $32.44. The stock has a market capitalization of $5.80 billion, a P/E ratio of 18.12, a PEG ratio of 1.03 and a beta of 0.70.

Garrett Motion (NASDAQ:GTX) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Garrett Motion had a negative return on equity of 42.77% and a net margin of 9.29%.The firm had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $917.23 million. Garrett Motion’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Garrett Motion Inc. will post 1.83 EPS for the current year.

Garrett Motion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. Garrett Motion’s dividend payout ratio is presently 18.71%.

Garrett Motion Profile

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.