Garrett Motion Inc. $GTX Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Garrett Motion Inc. (NASDAQ:GTX) by 22.9% in the first quarter, HoldingsChannel.com reports. The fund owned 764,955 shares of the company’s stock after buying an additional 142,314 shares during the quarter. Sei Investments Co.’s holdings in Garrett Motion were worth $13,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Bank raised its holdings in Garrett Motion by 22.0% in the 4th quarter. Comerica Bank now owns 251,371 shares of the company’s stock worth $4,381,000 after purchasing an additional 45,370 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Garrett Motion by 75.0% during the 4th quarter. Wesbanco Bank Inc. now owns 105,034 shares of the company’s stock valued at $1,831,000 after purchasing an additional 45,000 shares in the last quarter. Smead Capital Management Inc. bought a new stake in shares of Garrett Motion during the 4th quarter valued at about $4,257,000. Norges Bank purchased a new position in shares of Garrett Motion during the fourth quarter valued at about $29,237,000. Finally, Carmel Capital Management L.L.C. bought a new position in Garrett Motion in the first quarter worth about $5,719,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GTX. Freedom Capital cut Garrett Motion from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. BWS Financial restated a “buy” rating and set a $42.00 target price on shares of Garrett Motion in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garrett Motion in a research report on Friday, July 24th. Zacks Research lowered shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Garrett Motion from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $36.00 in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.80.

Garrett Motion Price Performance

Shares of NASDAQ:GTX opened at $31.01 on Friday. Garrett Motion Inc. has a 1 year low of $12.26 and a 1 year high of $36.25. The company has a market cap of $5.80 billion, a P/E ratio of 17.04, a PEG ratio of 0.85 and a beta of 0.78. The stock’s fifty day moving average price is $32.70 and its 200-day moving average price is $24.84.

Garrett Motion (NASDAQ:GTX) last issued its earnings results on Wednesday, July 29th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Garrett Motion had a negative return on equity of 46.50% and a net margin of 9.51%.The business had revenue of $976.00 million during the quarter. During the same period last year, the firm posted $0.42 EPS. Garrett Motion’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Garrett Motion Inc. will post 1.81 earnings per share for the current year.

Garrett Motion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Garrett Motion’s payout ratio is 17.58%.

Key Garrett Motion News

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

• Positive Sentiment: Strong Q2 performance: Garrett reported earnings of $0.53 per share, exceeding the $0.46 analyst consensus and rising from $0.42 a year earlier. Revenue increased 6.9% year over year to $976 million. Adjusted EBIT was $152 million, while adjusted free cash flow reached $122 million. Garrett Motion Reports Strong Second Quarter 2026 Results, Increases 2026 Outlook
• Positive Sentiment: Improved 2026 outlook: Management increased its full-year guidance and forecast revenue of $3.7 billion to $3.9 billion, broadly consistent with the approximately $3.8 billion consensus estimate. The company cited demand gains in passenger vehicles and strength in commercial vehicles and industrial markets. Garrett Motion Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: New business wins support future growth: Garrett secured turbocharger programs in North America, China, and India, awards for its MEG technology used in data-center generators, and production awards for industrial air-compression technology. It also began developing a commercial-vehicle electric powertrain with a Japanese truck maker. Garrett Motion Reports Strong Second Quarter 2026 Results, Increases 2026 Outlook
• Positive Sentiment: Analyst sentiment improved: Deutsche Bank upgraded GTX from “hold” to “buy” and raised its price target from $33 to $36. BWS Financial reaffirmed its “buy” rating and set a $42 target, reinforcing expectations for additional upside. Deutsche Bank Upgrades Garrett Motion to Buy
• Neutral Sentiment: Dividend announced: Garrett declared a quarterly dividend of $0.08 per share, payable September 15 to shareholders of record September 1. The payout provides modest income support, with an indicated yield of approximately 1%.

Insider Transactions at Garrett Motion

In other news, SVP Mark Albert Rodrigues sold 10,516 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $33.82, for a total value of $355,651.12. Following the transaction, the senior vice president directly owned 83,178 shares in the company, valued at $2,813,079.96. This trade represents a 11.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel A. Ninivaggi sold 17,178 shares of Garrett Motion stock in a transaction 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 completion of the sale, the director directly owned 124,885 shares of the company’s stock, valued at $3,898,909.70. The trade was a 12.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,834 shares of company stock valued at $6,918,710 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

About Garrett Motion

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.