VIRGINIA RETIREMENT SYSTEMS ET Al Buys 29,000 Shares of Garrett Motion Inc. $GTX

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Garrett Motion Inc. (NASDAQ:GTX) by 89.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,500 shares of the company’s stock after purchasing an additional 29,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Garrett Motion were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC raised its position in Garrett Motion by 51.0% during the third quarter. William Blair Investment Management LLC now owns 7,715,824 shares of the company’s stock valued at $105,090,000 after purchasing an additional 2,605,296 shares in the last quarter. Vanguard Group Inc. lifted its stake in Garrett Motion by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 4,424,546 shares of the company’s stock worth $77,120,000 after purchasing an additional 234,735 shares during the last quarter. LSV Asset Management bought a new position in shares of Garrett Motion during the 3rd quarter valued at about $58,247,000. Dimensional Fund Advisors LP increased its position in shares of Garrett Motion by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,186,089 shares of the company’s stock valued at $43,390,000 after purchasing an additional 70,155 shares during the last quarter. Finally, Merewether Investment Management LP bought a new position in shares of Garrett Motion during the 3rd quarter valued at about $40,590,000. 86.27% of the stock is currently owned by institutional investors.

Garrett Motion Stock Down 2.8%

NASDAQ:GTX opened at $30.98 on Friday. The company has a fifty day moving average of $20.76 and a 200 day moving average of $18.93. Garrett Motion Inc. has a 52 week low of $9.57 and a 52 week high of $32.44. The firm has a market capitalization of $5.80 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.03 and a beta of 0.70.

Garrett Motion (NASDAQ:GTX) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Garrett Motion had a net margin of 9.29% and a negative return on equity of 42.77%. The company had revenue of $985.00 million during the quarter, compared to analyst estimates of $917.23 million. Garrett Motion’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that Garrett Motion Inc. will post 1.83 EPS for the current year.

Garrett Motion Dividend Announcement

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

Trending Headlines about Garrett Motion

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

Wall Street Analyst Weigh In

GTX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 price objective on shares of Garrett Motion in a research report on Friday, May 1st. BWS Financial increased their price objective on Garrett Motion from $22.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price objective on shares of Garrett Motion from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings assumed coverage on shares of Garrett Motion in a report on Wednesday, April 29th. They issued a “buy (b)” rating for the company. Finally, Freedom Capital lowered shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Garrett Motion presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.80.

Insider Activity

In other Garrett Motion news, Director Daniel A. Ninivaggi sold 17,178 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $31.22, for a total transaction of $536,297.16. Following the transaction, the director directly owned 124,885 shares of the company’s stock, valued at approximately $3,898,909.70. The trade was a 12.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Daniel Deiro sold 20,000 shares of the business’s stock in a transaction 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 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. Over the last quarter, insiders have sold 354,178 shares of company stock valued at $7,375,587. 1.10% of the stock is owned by corporate insiders.

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.