Charles Schwab Investment Management Inc. Has $6.40 Million Stock Holdings in Garrett Motion Inc. (NYSE:GTX)

Charles Schwab Investment Management Inc. trimmed its position in Garrett Motion Inc. (NYSE:GTX) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 782,132 shares of the company’s stock after selling 13,317 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.37% of Garrett Motion worth $6,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its position in shares of Garrett Motion by 25.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock worth $10,501,000 after purchasing an additional 256,366 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Garrett Motion by 7.4% in the 3rd quarter. Moors & Cabot Inc. now owns 72,500 shares of the company’s stock valued at $593,000 after purchasing an additional 5,000 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Garrett Motion in the 3rd quarter valued at approximately $208,000. Gladius Capital Management LP bought a new stake in shares of Garrett Motion in the third quarter worth $58,000. Finally, Seizert Capital Partners LLC boosted its stake in shares of Garrett Motion by 76.6% during the 3rd quarter. Seizert Capital Partners LLC now owns 659,132 shares of the company’s stock worth $5,392,000 after buying an additional 285,918 shares during the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Garrett Motion Stock Up 2.0 %

GTX opened at $9.32 on Thursday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.14 and a beta of 1.16. Garrett Motion Inc. has a twelve month low of $7.13 and a twelve month high of $10.16. The company has a 50-day simple moving average of $8.08 and a 200 day simple moving average of $8.35.

Garrett Motion (NYSE:GTX) last released its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The business had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same quarter in the prior year, the firm earned $0.23 EPS. Sell-side analysts anticipate that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Garrett Motion Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.06 per share. This represents a dividend yield of 2.7%. The ex-dividend date is Wednesday, January 15th.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Garrett Motion in a research report on Friday, October 25th.

Insider Transactions at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the transaction, the senior vice president now owns 140,509 shares of the company’s stock, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Garrett Motion 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.