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Garrett Motion
GTX

$9.14
0.98%
 

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 6,474 funds
Analysts bullish %
0
News positive %
of 3 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

20% more capital invested

Capital invested by funds: $1.68B [Q3] → $2.02B (+$343M) [Q4]

3.95% more ownership

Funds ownership: 82.31% [Q3] → 86.26% (+3.95%) [Q4]

6% less call options, than puts

Call options by funds: $982K | Put options by funds: $1.05M

9% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 66

3% less funds holding

Funds holding: 261 [Q3] → 254 (-7) [Q4]

13% less funds holding in top 10

Funds holding in top 10: 15 [Q3] → 13 (-2) [Q4]

14% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 51

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$15
64%
upside
Avg. target
$15
64%
upside
High target
$15
64%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
BWS Financial
Hamed Khorsand
64%upside
$15
Buy
Maintained
8 Apr 2024

Financial journalist opinion

Based on 3 articles about GTX published over the past 30 days

Neutral
GlobeNewsWire
2 months ago
Garrett Motion Delivers Strong 2023, Issues 2024 Outlook, Authorizes New $350M Share Repurchase Program
Fourth Quarter 2023 Highlights Net sales totaled $945 million, up 5% on a reported basis, up 3% at constant currency* Net income totaled $52 million; Net income margin 5.5% Adjusted EBITDA* totaled $145 million; Adjusted EBITDA margin* of 15.3% Net cash provided by operating activities totaled $135 million Adjusted free cash flow* totaled $137 million Repurchased $35 million of Common Stock Full Year 2023 Highlights Net sales totaled $3,886 million, up 8% on a reported basis, up 8% at constant currency* Net income totaled $261 million; Net income margin 6.7% Adjusted EBITDA* totaled $635 million; Adjusted EBITDA margin* of 16.3% Net cash provided by operating activities totaled $465 million Adjusted free cash flow* totaled $422 million Repurchased $213 million of Common Stock Early debt repayment of $200 million Full Year 2024 Outlook Net sales of $3,870 million, flat on a reported and constant currency basis* Net income of $253 million; Net income margin 6.5% Adjusted EBITDA* of $620 million; Adjusted EBITDA margin* of 16.0% Net cash provided by operating activities of $420 million Adjusted free cash flow* of $375 million Authorization to repurchase $350 million of Common Stock ROLLE, Switzerland, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and twelve months ended December 31, 2023. $ millions (unless otherwise noted)   Q4 2023   Q4 2022   Full Year 2023   Full Year 2022 Net sales   945   898   3,886   3,603 Cost of goods sold   756   737   3,130   2,920 Gross profit   189   161   756   683 Gross profit %   20.0%   17.9%   19.5%   19.0% Selling, general and administrative expenses   69   52   247   216 Income before taxes   68   135   347   496 Net income   52   112   261   390 Net income margin   5.5%   12.5%   6.7%   10.8% Adjusted EBITDA*   145   140   635   570 Adjusted EBITDA margin*   15.3%   15.6%   16.3%   15.8% Net cash provided by operating activities   135   137   465   375 Adjusted free cash flow*   137   132   422   313 * See reconciliations to the nearest GAAP measure in pages 6-13 “Garrett delivered great performance in 2023, with a strong fourth quarter close achieving full-year performance above midpoint guidance across all financial metrics with record Net sales, a strong Net income and record Adjusted EBITDA,” said Garrett President and CEO, Olivier Rabiller.
Garrett Motion Delivers Strong 2023, Issues 2024 Outlook, Authorizes New $350M Share Repurchase Program