Public Employees Retirement System of Ohio Takes Position in Garrett Motion Inc. (NYSE:GTX)

Public Employees Retirement System of Ohio acquired a new stake in Garrett Motion Inc. (NYSE:GTX - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 724,670 shares of the company's stock, valued at approximately $5,928,000. Public Employees Retirement System of Ohio owned about 0.34% of Garrett Motion as of its most recent filing with the Securities and Exchange Commission (SEC).Get Garrett Motion alerts:Garrett Motion Inc. Skids on Results: Is it Time to Buy the Dip?Several other hedge funds also recently added to or reduced their stakes in GTX. Covestor Ltd purchased a new stake in Garrett Motion in the third quarter valued at $28,000. Quarry LP raised its holdings in Garrett Motion by 54.8% in the 2nd quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after buying an additional 1,830 shares during the period. Gladius Capital Management LP acquired a new position in Garrett Motion in the third quarter valued at about $58,000. nVerses Capital LLC purchased a new position in Garrett Motion during the second quarter worth about $67,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Garrett Motion during the third quarter valued at about $87,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling at Garrett MotionIn other news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total value of $373,500.00. Following the sale, the senior vice president now directly owns 140,509 shares in the company, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders. Analyst Upgrades and DowngradesThe Top 2 Chip Stocks Going Into Earnings Season Separately, BWS Financial reaffirmed a "buy" rating and set a $12.00 price objective on shares of Garrett Motion in a research report on Friday, October 25th.View Our Latest Report on GTXGarrett Motion Trading Down 1.0 %Can Garrett Motion Turbocharge A Short Squeeze? GTX stock opened at $9.50 on Friday. The business's fifty day moving average price is $8.15 and its 200 day moving average price is $8.36. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.16. The company has a market capitalization of $2.03 billion, a PE ratio of 9.31 and a beta of 1.16. Garrett Motion (NYSE:GTX - Get Free Report) last issued its quarterly 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). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The business had revenue of $826.00 million for the quarter, compared to analysts' expectations of $854.00 million. During the same quarter last year, the company earned $0.23 earnings per share. Research analysts predict that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year. Garrett Motion Dividend AnnouncementThe firm also recently announced a -- dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 2.7%. Garrett Motion Company Profile (Free Report)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.Featured StoriesFive stocks we like better than Garrett MotionHow to Use High Beta Stocks to Maximize Your Investing ProfitsFinWise Bancorp’s CEO Talks Strategy Behind Fintech Success3 Tickers Leading a Meme Stock RevivalBroadcom: Turning the Mag 7 Into 8 Trillion-Dollar Tech GiantsMost Volatile Stocks, What Investors Need to KnowSoundHound AI: Can Its Meteoric Rise Sustain Into 2025?Want to see what other hedge funds are holding GTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garrett Motion Inc. (NYSE:GTX - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Blackrock’s Sending THIS Crypto Higher on Purpose (From Crypto 101 Media) (Ad)Should you invest $1,000 in Garrett Motion right now?Before you consider Garrett Motion, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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