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

Financial Advocates Investment Management acquired a new position in Garrett Motion Inc. (NYSE:GTX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,163 shares of the company’s stock, valued at approximately $191,000.

Several other large investors also recently made changes to their positions in GTX. Covestor Ltd acquired a new stake in Garrett Motion during the 3rd quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in Garrett Motion during the 3rd quarter valued at $58,000. Paloma Partners Management Co acquired a new stake in Garrett Motion during the 3rd quarter valued at $87,000. Aigen Investment Management LP acquired a new stake in Garrett Motion during the 3rd quarter valued at $116,000. Finally, XTX Topco Ltd acquired a new stake in Garrett Motion during the 3rd quarter valued at $132,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Garrett Motion Trading Down 2.7 %

GTX opened at $9.23 on Tuesday. The company has a fifty day simple moving average of $9.25 and a 200 day simple moving average of $8.48. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 9.05 and a beta of 1.15. Garrett Motion Inc. has a twelve month low of $7.13 and a twelve month high of $10.16.

Garrett Motion Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, January 15th. This represents a yield of 2.7%. Garrett Motion’s dividend payout ratio (DPR) is 23.53%.

Analysts Set New Price Targets

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

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.