Garrett Motion
About: Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs). The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network. The company derives maximum of its revenue from Gas and geographically from Europe.
Employees: 9,700
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
179% more call options, than puts
Call options by funds: $106K | Put options by funds: $38K
0.43% more ownership
Funds ownership: 88.12% [Q2] → 88.55% (+0.43%) [Q3]
0% less funds holding
Funds holding: 291 [Q2] → 290 (-1) [Q3]
2% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 42
7% less capital invested
Capital invested by funds: $1.71B [Q2] → $1.58B (-$128M) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 76
18% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 9 (-2) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$12
33%
upside
Avg. target
$12
33%
upside
High target
$12
33%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
BWS Financial Hamed Khorsand 69% 1-year accuracy 112 / 162 met price target | 33%upside $12 | Buy Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 3 articles about GTX published over the past 30 days
Neutral
Zacks Investment Research
5 days ago
Is the Options Market Predicting a Spike in Garrett Motion (GTX) Stock?
Investors need to pay close attention to Garrett Motion (GTX) stock based on the movements in the options market lately.
Positive
Zacks Investment Research
1 week ago
Garrett Motion to Boost Shareholder Value Via Dividend & Buybacks
GTX introduces a long-term capital allocation framework aimed at returning at least 75% of its Adjusted Free Cash Flow to shareholders over time.
Neutral
GlobeNewsWire
2 weeks ago
Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025
ROLLE, Switzerland and PLYMOUTH, Mich., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the adoption of a long-term capital allocation framework, under which the Company will target returning 75% or more of its Adjusted Free Cash Flow to shareholders over time through a combination of share repurchases and a regular quarterly cash dividend.
Neutral
Seeking Alpha
1 month ago
Garrett Motion Inc. (GTX) Q3 2024 Earnings Call Transcript
Garrett Motion Inc. (NASDAQ:GTX ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Eric Burge – Head-Investor Relations Olivier Rabiller – President and Chief Executive Officer Sean Deason – Senior Vice President and Chief Financial Officer Conference Call Participants Hamed Khorsand – BWS Financial Michael Ward – Freedom Capital Brian Sponheimer – Gabelli Funds Operator Hello. My name is Andrea and I will be your operator this morning.
Negative
Zacks Investment Research
1 month ago
Garrett Motion (GTX) Lags Q3 Earnings and Revenue Estimates
Garrett Motion (GTX) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.23 per share a year ago.
Negative
Benzinga
1 month ago
IBM Posts Weak Sales, Joins Garrett Motion, Beyond And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 150 points on Thursday.
Neutral
GlobeNewsWire
1 month ago
Garrett Motion Reports Third Quarter 2024 Financial Results; Updates Full Year 2024 Outlook
Third Quarter 2024 Financial Highlights Net sales totaled $826 million, down 14% on a reported and constant currency* basis Net income totaled $52 million; Net income margin of 6.3% Adjusted EBITDA* totaled $144 million; Adjusted EBITDA margin* of 17.4% Net cash provided by operating activities totaled $67 million Adjusted free cash flow* totaled $71 million Third Quarter 2024 Business Highlights Won new marine and auxiliary power awards for our largest turbocharger with start of production in 2026 Entered into a partnership with SinoTruk to co-develop e-powertrain systems for light and heavy trucks by 2027 Recognized with the 2024 Stellantis Innovation Award for our differentiated zero-emission technologies ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and nine months ended September 30, 2024.
Neutral
GlobeNewsWire
2 months ago
A pioneer move for Electric Commercial Vehicles: Garrett and SinoTruk sign Letter of Intent to bring leading high-speed electrified powertrain to E-trucks
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd.
Neutral
Zacks Investment Research
2 months ago
Garrett Motion (GTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Garrett Motion (GTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
2 months ago
Garrett expands its innovation footprint with new zero-emission R&D center in Wuhan, China
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a global leader in automotive technology, announced today the establishment of a new zero-emission innovation center in Wuhan, China.
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