Added to YB: 2025-05-22
Pitch date: 2025-05-21
GTX [neutral]
Garrett Motion Inc.
+52.38%
current return
Author Info
No bio for this author
Company Info
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 in the United States, Europe, Asia, and internationally.
Market Cap
$3.2B
Pitch Price
$11.19
Price Target
N/A
Dividend
1.94%
EV/EBITDA
7.22
P/E
10.47
EV/Sales
1.27
Sector
Automobile Components
Category
N/A
GTX Announces Secondary Offering and Buyback
GTX (update): 17M secondary offering from large holders (no share dilution) with 2M concurrent buyback ($25M max) reducing total shares. Increased public float positive for potential mid-cap index inclusion. Selling shareholders maintaining significant positions post-offering, suggesting confidence despite profit-taking after Chapter 11 exit.
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