32,600 Garrett Motion Inc. $GTX Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its stake in Garrett Motion Inc. (NASDAQ:GTX) by 8.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 333,000 shares of the company’s stock after selling 32,600 shares during the period. Hennessy Advisors Inc.’s holdings in Garrett Motion were worth $8,668,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GTX. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Garrett Motion by 202.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 38,725 shares of the company’s stock valued at $1,008,000 after acquiring an additional 25,925 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Garrett Motion by 23.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 42,100 shares of the company’s stock worth $1,096,000 after purchasing an additional 8,000 shares during the last quarter. Tectonic Advisors LLC grew its holdings in shares of Garrett Motion by 17.3% in the 3rd quarter. Tectonic Advisors LLC now owns 89,639 shares of the company’s stock worth $2,333,000 after purchasing an additional 13,207 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Garrett Motion in the 3rd quarter worth about $32,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Garrett Motion by 125.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,970 shares of the company’s stock worth $364,000 after purchasing an additional 7,774 shares in the last quarter. 86.27% of the stock is currently owned by institutional investors.

Insider Transactions at Garrett Motion

In other Garrett Motion news, SVP Daniel Deiro sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $26.70, for a total value of $801,000.00. Following the transaction, the senior vice president directly owned 133,783 shares of the company’s stock, valued at approximately $3,572,006.10. This trade represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Garrett Motion Price Performance

Shares of GTX opened at $20.91 on Monday. Garrett Motion Inc. has a 12-month low of $15.54 and a 12-month high of $36.25. The firm has a market capitalization of $3.90 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.63 and a beta of 0.83. The stock’s fifty day simple moving average is $25.54 and its 200-day simple moving average is $25.34.

Garrett Motion (NASDAQ:GTX) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Garrett Motion had a negative return on equity of 52.43% and a net margin of 9.97%. The firm had revenue of $930.00 million during the quarter. During the same period in the prior year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts anticipate that Garrett Motion Inc. will post 1.88 EPS for the current year.

Garrett Motion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, December 1st. Garrett Motion’s dividend payout ratio is currently 16.41%.

Analyst Ratings Changes

A number of research firms have commented on GTX. Zacks Research lowered shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. dropped their price objective on shares of Garrett Motion from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Wall Street Zen cut shares of Garrett Motion from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Garrett Motion from a “hold” rating to a “buy” rating and lifted their target price for the company from $33.00 to $36.00 in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded Garrett Motion from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 22nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Trending Headlines about Garrett Motion

Here are the key news stories impacting Garrett Motion this week:

• Positive Sentiment: Garrett reported third-quarter adjusted earnings of $0.51 per share, above the $0.45 analyst consensus and up from $0.38 a year earlier. Net sales rose 3% year over year to $930 million, while adjusted EBIT reached $152 million, or a 16.3% margin. Garrett Motion Q3 Earnings Surpass Estimates
• Positive Sentiment: The company announced a $250 million share-repurchase program for 2027, which could support earnings per share and signal management confidence in the stock’s valuation. Garrett also generated $136 million in adjusted free cash flow during the quarter. Garrett Motion Reports Q3 Results and Announces Repurchase Program
• Positive Sentiment: Garrett reaffirmed its 2026 full-year outlook and cited stronger-than-expected industrial growth, new turbocharger awards, and progress toward 2027 launches for electric powertrain and electric-cooling compressor products. The company also declared a quarterly dividend of $0.08 per share.
• Neutral Sentiment: Director Steven Tesoriere resigned from the board after representing Oaktree Capital Management. The company described the departure as orderly and praised his contributions, but the change may prompt some investor questions about governance and shareholder representation. Garrett Motion Announces Board Retirement
• Negative Sentiment: Although earnings exceeded estimates, quarterly revenue of $930 million was below the FactSet forecast of $935.2 million. Investors may also have been disappointed that Garrett reaffirmed, rather than raised, its full-year guidance despite the strong quarter. Garrett Motion Q3 Revenue Report

Garrett Motion Company Profile

Garrett Motion Inc is an automotive technology company that develops and manufactures solutions designed to improve vehicle performance, efficiency and emissions. Its products serve passenger vehicles, commercial vehicles and off-highway applications, supporting both internal-combustion and electrified powertrains.

The company is best known for its turbocharging technologies, including turbochargers and related air-management systems. Garrett also develops electric boosting systems, fuel-cell compressors, thermal-management products and other components intended to support hybrid, electric and fuel-cell vehicles.