Key Points
- Director Daniel Ninivaggi sold 17,178 Garrett Motion shares on May 15 for about $536,297 at an average price of $31.22. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still holds 124,885 shares.
- Garrett Motion beat first-quarter expectations, posting EPS of $0.49 versus the $0.43 consensus and revenue of $985 million versus the expected $917.23 million. Revenue rose 12.2% year over year, and analysts now expect 1.83 EPS for the full fiscal year.
- The company also announced a quarterly dividend of $0.08 per share, payable June 15, implying a 1.0% annualized yield. Recent analyst sentiment has been mixed but generally constructive, with several firms raising targets and maintaining buy-type ratings.
Garrett Motion Inc. (NASDAQ:GTX - Get Free Report) Director Daniel Ninivaggi sold 17,178 shares of the business's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $31.22, for a total value of $536,297.16. Following the transaction, the director directly owned 124,885 shares in the company, valued at approximately $3,898,909.70. This trade represents a 12.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Garrett Motion Stock Down 2.8%
Shares of NASDAQ GTX opened at $30.98 on Friday. The business's 50 day moving average price is $20.76 and its two-hundred day moving average price is $18.93. The company has a market cap of $5.80 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Garrett Motion Inc. has a twelve month low of $9.57 and a twelve month high of $32.44.
Garrett Motion (NASDAQ:GTX - Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $985.00 million for the quarter, compared to the consensus estimate of $917.23 million. The company's revenue was up 12.2% compared to the same quarter last year. As a group, research analysts anticipate that Garrett Motion Inc. will post 1.83 EPS for the current fiscal year.
Garrett Motion Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Garrett Motion's dividend payout ratio is presently 18.71%.
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
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Stifel Nicolaus upped their target price on Garrett Motion from $29.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Freedom Capital downgraded Garrett Motion from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $24.00 target price on shares of Garrett Motion in a research report on Friday, May 1st. BWS Financial upped their target price on Garrett Motion from $22.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on Garrett Motion from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.80.
View Our Latest Stock Report on GTX
Institutional Investors Weigh In On Garrett Motion
Several institutional investors have recently made changes to their positions in GTX. Jones Financial Companies Lllp bought a new stake in shares of Garrett Motion in the first quarter valued at approximately $42,000. Jane Street Group LLC boosted its stake in shares of Garrett Motion by 641.7% in the first quarter. Jane Street Group LLC now owns 90,919 shares of the company's stock valued at $761,000 after buying an additional 78,661 shares during the period. Cetera Investment Advisers bought a new stake in shares of Garrett Motion in the second quarter valued at approximately $121,000. Legal & General Group Plc boosted its stake in shares of Garrett Motion by 30.4% in the second quarter. Legal & General Group Plc now owns 97,486 shares of the company's stock valued at $1,024,000 after buying an additional 22,727 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Garrett Motion in the second quarter valued at approximately $225,000. 86.27% of the stock is currently owned by institutional investors.
Garrett Motion Company Profile
(
Get Free Report)
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.
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