Seizert Capital Partners LLC Decreases Position in Garrett Motion Inc. (NYSE:GTX)

Seizert Capital Partners LLC decreased its stake in Garrett Motion Inc. (NYSE:GTX) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 645,264 shares of the company’s stock after selling 13,868 shares during the quarter. Seizert Capital Partners LLC owned about 0.30% of Garrett Motion worth $5,827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc bought a new stake in Garrett Motion in the third quarter worth $237,000. Covestor Ltd purchased a new stake in shares of Garrett Motion in the third quarter valued at $28,000. Entropy Technologies LP lifted 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 worth $147,000 after acquiring an additional 2,600 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Garrett Motion during the 3rd quarter worth about $616,000. Finally, New South Capital Management Inc. boosted its stake in shares of Garrett Motion by 19.0% during the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock worth $22,170,000 after purchasing an additional 431,779 shares during the period. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Garrett Motion Trading Down 2.1 %

NYSE:GTX opened at $9.44 on Wednesday. The stock has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $8.62. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 7.43 and a beta of 1.09. Garrett Motion Inc. has a twelve month low of $7.13 and a twelve month high of $10.39.

Garrett Motion Announces Dividend

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

Insider Transactions at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value of $875,326.34. Following the completion of the sale, the insider now directly owns 10,395,183 shares of the company’s stock, valued at $103,328,119.02. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research note on Tuesday, February 25th.

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.