<div id="readability-page-1"><p>Loomis Sayles &amp; Co. L P lifted its stake in  Garrett Motion Inc. (NYSE:GTX - Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,619,180 shares of the company's stock after acquiring an additional 41,214 shares during the period. Loomis Sayles &amp; Co. L P owned approximately 0.80% of Garrett Motion worth $17,018,000 at the end of the most recent reporting period.</p><ul><li>Garrett Motion Inc. Skids on Results: Is it Time to Buy the Dip?</li></ul><p>Several other large investors also recently added to or reduced their stakes in GTX. Gates Capital Management Inc. grew its position in  Garrett Motion by 53.1% in the first quarter. Gates Capital Management Inc. now owns 6,795,553 shares of the company's stock worth $56,879,000 after acquiring an additional 2,358,294 shares in the last quarter.  Geode Capital Management LLC boosted its position in  Garrett Motion by 92.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,053,869 shares of the company's stock valued at $32,100,000 after acquiring an additional 1,466,048 shares in the last quarter.  Eubel Brady &amp; Suttman Asset Management Inc. grew its position in shares of  Garrett Motion by 37.1% in the 2nd quarter. Eubel Brady &amp; Suttman Asset Management Inc. now owns 2,925,770 shares of the company's stock worth $30,750,000 after buying an additional 791,177 shares during the period.  Hillsdale Investment Management Inc. purchased a new stake in shares of  Garrett Motion in the 2nd quarter worth approximately $5,728,000.  Finally, Assenagon Asset Management S.A. grew its position in  Garrett Motion by 574.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 534,744 shares of the company's stock valued at $5,620,000 after purchasing an additional 455,411 shares during the last quarter. Institutional investors own  86.27% of the company's stock. </p><div><p><span></span><span>Get <strong>Garrett Motion</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><p>A number of analysts have recently commented on the stock. Zacks Research upgraded shares of Garrett Motion from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Wednesday, October 1st. Stifel Nicolaus  set a $20.00 target price on shares of Garrett Motion in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Garrett Motion in a report on Monday, October 20th. They issued a &#34;hold&#34; rating and a $14.00 target price on the stock. Finally, BWS Financial  reiterated a &#34;buy&#34; rating and set a $18.00 price target on shares of Garrett Motion in a report on Friday, October 24th. One equities research analyst  has rated the stock with a Strong Buy rating, four have assigned  a Buy rating and one  has issued  a Hold rating to the company. According to MarketBeat, Garrett Motion currently has a consensus rating of &#34;Buy&#34; and a consensus price target of $16.50.</p><ul><li>The Top 2 Chip Stocks Going Into Earnings Season </li></ul><p><b>Get Our Latest Stock Analysis on Garrett Motion</b></p><h2>Insider Buying and Selling</h2><p>In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 350,566 shares of Garrett Motion stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $13.28, for a total value of $4,655,516.48. Following the completion of the transaction, the insider owned 20,009,945 shares of the company's stock, valued at approximately $265,732,069.60. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. Insiders have sold a total of 613,403 shares of company stock worth $8,133,314 in the last quarter. 0.83% of the stock is currently owned by company insiders. </p><h2>Garrett Motion Price Performance</h2><ul><li>Can Garrett Motion Turbocharge A Short Squeeze? </li></ul><p>Shares of NYSE:GTX opened at $16.72 on Monday. Garrett Motion Inc. has a 1 year low of $7.01 and a 1 year high of $17.91. The firm has a market capitalization of $3.25 billion, a P/E ratio of 13.17 and a beta of 0.41. The business's 50-day moving average is $15.13 and its 200 day moving average is $12.99. </p><p>Garrett Motion (NYSE:GTX - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Garrett Motion had a net margin of 8.12% and a negative return on equity of 38.75%. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm's revenue was up 9.2% on a year-over-year basis.  Garrett Motion has set its FY 2025 guidance at  EPS. On average, analysts expect that  Garrett Motion Inc. will post 1.25 EPS for the current year. </p><h2>Garrett Motion Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Garrett Motion's previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.9%. Garrett Motion's dividend payout ratio (DPR) is currently 20.38%. </p><h2>Garrett Motion Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Garrett Motion</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>Worried About Inflation? These 3 ETFs Offer Real Protection</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday Rally</li><li>Transportation Stocks Investing</li><li>Klarna's Crypto Play: A Plan to Fix Its Profit Problem</li></ul><p><strong>Want to see what other hedge funds are holding GTX?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garrett Motion Inc. (NYSE:GTX - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdUWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdUWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Garrett Motion Right Now?</h2><p>Before you consider Garrett Motion, you'll want to hear this.</p><p>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. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Garrett Motion wasn't on the list.</p><p>While Garrett Motion currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Loomis Sayles & Co. L P increased its stake in Garrett Motion Inc. by 2.6% in Q2, now owning 1,619,180 shares worth $17,018,000. Other investors like Gates Capital, Geode Capital, and Assenagon Asset Management also increased their positions. Analysts have given Garrett Motion a consensus rating of 'Buy' with a price target of $16.50. Major shareholder Cyrus Capital Partners sold 350,566 shares. Garrett Motion reported Q3 earnings of $0.38 per share, beating estimates, with revenue up 9.2% year-over-year.</p>

Loomis Sayles & Co. L P Grows Position in Garrett Motion Inc. $GTX