Four Tree Island Advisory LLC Buys New Shares in Garrett Motion Inc. (NYSE:GTX)

Four Tree Island Advisory LLC acquired a new stake in Garrett Motion Inc. (NYSE:GTX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 338,883 shares of the company’s stock, valued at approximately $3,060,000. Garrett Motion makes up approximately 2.1% of Four Tree Island Advisory LLC’s portfolio, making the stock its 12th largest holding. Four Tree Island Advisory LLC owned 0.16% of Garrett Motion at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Entropy Technologies LP grew its position 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 acquiring an additional 2,600 shares during the period. Covestor Ltd bought a new position in Garrett Motion during the third quarter worth about $28,000. Moors & Cabot Inc. lifted its position in shares of Garrett Motion by 7.4% in the third quarter. Moors & Cabot Inc. now owns 72,500 shares of the company’s stock valued at $593,000 after buying an additional 5,000 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of Garrett Motion during the 3rd quarter worth approximately $58,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Garrett Motion by 88.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 20,200 shares of the company’s stock worth $165,000 after acquiring an additional 9,500 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Garrett Motion in a research report on Wednesday, January 22nd.

Garrett Motion Stock Performance

Shares of GTX opened at $9.49 on Monday. The firm has a market cap of $2.03 billion, a P/E ratio of 9.30 and a beta of 1.15. Garrett Motion Inc. has a 52 week low of $7.13 and a 52 week high of $10.16. The firm’s 50-day simple moving average is $9.23 and its 200 day simple moving average is $8.47.

Garrett Motion Announces Dividend

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