Four Tree Island Advisory LLC Purchases New Stake in Garrett Motion Inc. (NYSE:GTX)

Four Tree Island Advisory LLC acquired a new position in shares of Garrett Motion Inc. (NYSE:GTX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 338,883 shares of the company’s stock, valued at approximately $3,060,000. Garrett Motion makes up approximately 2.1% of Four Tree Island Advisory LLC’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also recently bought and sold shares of GTX. Public Employees Retirement System of Ohio bought a new stake in shares of Garrett Motion during the 3rd quarter worth approximately $5,928,000. New South Capital Management Inc. boosted its holdings in shares of Garrett Motion by 19.0% in the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after purchasing an additional 431,779 shares in the last quarter. Seizert Capital Partners LLC increased its stake in shares of Garrett Motion by 76.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 659,132 shares of the company’s stock valued at $5,392,000 after purchasing an additional 285,918 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Garrett Motion by 25.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock worth $10,501,000 after buying an additional 256,366 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Garrett Motion during the 3rd quarter worth $1,204,000. 86.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Garrett Motion Price Performance

GTX stock opened at $9.49 on Monday. Garrett Motion Inc. has a 1 year low of $7.13 and a 1 year high of $10.16. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 9.30 and a beta of 1.15. The company has a 50 day simple moving average of $9.23 and a 200 day simple moving average of $8.47.

Garrett Motion Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued 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 payout ratio is presently 23.53%.

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.