Financial Advocates Investment Management Invests $191,000 in Garrett Motion Inc. (NYSE:GTX)

Financial Advocates Investment Management purchased a new position in Garrett Motion Inc. (NYSE:GTX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 21,163 shares of the company’s stock, valued at approximately $191,000.

Other large investors also recently modified their holdings of the company. Covestor Ltd bought a new position in shares of Garrett Motion in the 3rd quarter worth about $28,000. Gladius Capital Management LP bought a new position in shares of Garrett Motion in the 3rd quarter worth about $58,000. Paloma Partners Management Co bought a new position in shares of Garrett Motion in the 3rd quarter worth about $87,000. Aigen Investment Management LP bought a new position in shares of Garrett Motion in the 3rd quarter worth about $116,000. Finally, XTX Topco Ltd bought a new position in shares of Garrett Motion in the 3rd quarter worth about $132,000. 86.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Garrett Motion Stock Down 2.7 %

Shares of NYSE:GTX opened at $9.23 on Tuesday. The company has a market cap of $1.97 billion, a PE ratio of 9.05 and a beta of 1.15. The company’s 50-day moving average price is $9.25 and its 200 day moving average price is $8.48. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.16.

Garrett Motion Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given 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 is presently 23.53%.

Garrett Motion 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.