Trump announces trade deal with EU following months of negotiations
Cyrus Capital Partners (WA:CPAP), a ten percent owner of Garrett Motion Inc (NASDAQ:GTX), a $2.37 billion market cap company trading near its 52-week high of $12.09, has sold a total of 58,872 shares of common stock. According to InvestingPro data, the company maintains a GREAT financial health score and has delivered impressive returns of over 32% year-to-date. On July 21, 2025, 43 shares were sold at $11.76. Followed by another sale on July 23, 2025, of 58,829 shares, at a weighted average price of $11.7977, in a price range of $11.75 to $11.865. The total value of shares sold amounts to $694,552.
Following these transactions, Cyrus Capital Partners and related entities still beneficially own 22,846,995 shares of Garrett Motion Inc.
Stephen C. Freidheim, as Chief Investment Officer of Cyrus Capital Partners and sole member/manager of Cyrus Capital GP, signed off on the transactions.
In other recent news, Garrett Motion has announced a secondary public stock offering involving 17 million shares held by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners. Underwriters have a 30-day option to purchase an additional 2.55 million shares. While Garrett Motion will not receive any proceeds from this offering, the company plans a concurrent repurchase of approximately 2 million shares, with a $25 million cap as part of its $250 million share repurchase program. Analyst activity around Garrett Motion includes BNP Paribas (OTC:BNPQY) Exane initiating coverage with an Outperform rating and a $14.00 price target. The firm views Garrett Motion as having strong financials and potential for expansion into electric vehicle and industrial markets. Additionally, BWS Financial has reiterated its Buy rating, also with a $14.00 price target, citing favorable currency movements and limited exposure to U.S. trade uncertainties. These developments suggest Garrett Motion could exceed quarterly estimates according to BWS Financial.
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