Insider Selling: Garrett Motion (NYSE:GTX) CEO Sells $2,926,080.00 in Stock

Garrett Motion Inc. (NYSE:GTX) CEO Olivier Rabiller sold 144,000 shares of Garrett Motion stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $20.32, for a total value of $2,926,080.00. Following the transaction, the chief executive officer directly owned 905,546 shares in the company, valued at approximately $18,400,694.72. The trade was a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Olivier Rabiller also recently made the following trade(s):

• On Wednesday, February 25th, Olivier Rabiller sold 143,000 shares of Garrett Motion stock. The shares were sold at an average price of $20.32, for a total transaction of $2,905,760.00.

Garrett Motion Price Performance

Shares of GTX opened at $20.36 on Monday. The firm’s 50 day moving average is $18.73 and its 200-day moving average is $16.20. Garrett Motion Inc. has a 12-month low of $7.01 and a 12-month high of $21.42. The stock has a market capitalization of $3.87 billion, a P/E ratio of 16.03 and a beta of 0.33.

Garrett Motion (NYSE:GTX) last issued its earnings results on Thursday, February 19th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Garrett Motion had a net margin of 8.12% and a negative return on equity of 38.75%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Garrett Motion Inc. will post 1.25 EPS for the current fiscal year.

Garrett Motion announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 3rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Garrett Motion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. Garrett Motion’s payout ratio is 21.05%.

Analysts Set New Price Targets

GTX has been the topic of several recent analyst reports. BWS Financial boosted their price objective on Garrett Motion from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. assumed coverage on shares of Garrett Motion in a report on Wednesday, December 17th. They set an “overweight” rating and a $23.00 price target on the stock. Zacks Research lowered shares of Garrett Motion from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Garrett Motion from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Garrett Motion currently has an average rating of “Moderate Buy” and an average price target of $18.80.

More Garrett Motion News

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

• Positive Sentiment: Garrett won a China e‑bus e‑cooling contract, a product win that supports growth into electrified commercial vehicles and could expand addressable market and aftermarket revenue. Garrett’s China E-Bus E-Cooling Win
• Positive Sentiment: Institutional buying/momentum: Harbor Mid Cap Value Fund added GTX, a vote of confidence from a mid‑cap manager that can help drive demand. Harbor Mid Cap Value Fund Adds GTX
• Positive Sentiment: Corporate returns to shareholders: the company recently declared a quarterly dividend ($0.08/share) and has an active $250M buyback authorization (up to ~7.7% of shares), both supportive of the share price and signaling management’s confidence in cash generation. MarketBeat: GTX Profile
• Neutral Sentiment: Recent financials: Garrett beat the quarter on EPS ($0.42 vs. $0.39) and revenue grew ~5.6% year‑over‑year — healthy operational data but mixed longer‑term returns (negative ROE). MarketBeat: Earnings Summary
• Negative Sentiment: Significant insider selling: CEO Olivier Rabiller sold large blocks (143k and 144k shares across Feb. 25–27; SEC filings), and other insiders including SVP Daniel Deiro and Director Julia Steyn also sold material stakes. Large, clustered insider sales are creating near‑term downward pressure and investor concern about timing. Rabiller SEC Filing Deiro SEC Filing Director Sale Alert

Institutional Trading of Garrett Motion

Institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Garrett Motion during the 3rd quarter worth about $5,925,000. Convergence Investment Partners LLC bought a new stake in shares of Garrett Motion in the 3rd quarter valued at approximately $1,573,000. Teacher Retirement System of Texas grew its stake in shares of Garrett Motion by 50.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 258,734 shares of the company’s stock valued at $2,719,000 after buying an additional 87,280 shares in the last quarter. Federated Hermes Inc. acquired a new position in Garrett Motion in the third quarter worth approximately $1,646,000. Finally, Renaissance Group LLC bought a new position in Garrett Motion during the third quarter valued at approximately $1,156,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

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.