BWS Financial Reiterates Buy Rating for Garrett Motion (NYSE:GTX)

BWS Financial reissued their buy rating on shares of Garrett Motion (NYSE:GTX) in a research report released on Tuesday,Benzinga reports. BWS Financial currently has a $12.00 price target on the stock.

Garrett Motion Stock Performance

GTX opened at $9.85 on Tuesday. Garrett Motion has a 52-week low of $7.13 and a 52-week high of $10.39. The firm has a market capitalization of $2.02 billion, a PE ratio of 7.76 and a beta of 1.15. The business’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $8.56.

Garrett Motion Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $0.06 dividend. The ex-dividend date was Wednesday, January 15th. This represents a yield of 2.7%. Garrett Motion’s dividend payout ratio (DPR) is currently 18.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its position in Garrett Motion by 11.4% during the fourth quarter. Arizona State Retirement System now owns 25,362 shares of the company’s stock worth $229,000 after acquiring an additional 2,586 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Garrett Motion by 17.0% in the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company’s stock valued at $147,000 after purchasing an additional 2,600 shares in the last quarter. Covestor Ltd bought a new position in Garrett Motion in the third quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Garrett Motion by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 72,919 shares of the company’s stock valued at $653,000 after purchasing an additional 3,774 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Garrett Motion by 14.3% during the fourth quarter. HighTower Advisors LLC now owns 31,101 shares of the company’s stock worth $281,000 after buying an additional 3,880 shares in the last quarter. 86.27% of the stock is currently owned by institutional investors.

About Garrett Motion

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.