Gold prices rise from 2-wk low with focus on Russia-Ukraine, Jackson Hole
In a recent move, Cyrus Capital Partners (WA:CPAP), L.P. has sold a significant portion of its holdings in Garrett Motion Inc. (NASDAQ:GTX), a company known for its automotive technologies. According to InvestingPro data, the company currently trades at an attractive P/E ratio of 7x and maintains a "GOOD" financial health rating, suggesting strong fundamentals despite the insider sale. According to the latest SEC filing, Cyrus Capital executed a series of transactions from April 14 to April 16, 2025, selling a total of 1,902,441 shares of Garrett Motion’s common stock. The sales were conducted at prices ranging from $9.00 to $9.05 per share, culminating in a total transaction value of approximately $17.2 million. Notably, InvestingPro analysis indicates the stock is currently undervalued, with management actively buying back shares - one of several bullish indicators available in the full Pro Research Report.
Following these transactions, Cyrus Capital now holds 25,434,957 shares in Garrett Motion. The sales were made by Cyrus Capital Partners, L.P., Cyrus Capital Partners GP, LLC, and Stephen C. Freidheim, who is the Chief Investment Officer of Cyrus Capital Partners. The transactions are part of the firm’s ongoing portfolio management strategies. The company maintains strong profitability with a healthy gross margin of 20% and impressive return on assets of nearly 12%.
In other recent news, Garrett Motion Inc. reported its fourth-quarter 2024 earnings, highlighting a notable performance in earnings per share (EPS) but a shortfall in revenue. The company achieved an EPS of $0.47, surpassing the projected $0.31, while revenue reached $844 million, falling short of the anticipated $905.5 million. Garrett Motion’s adjusted EBITDA for the quarter was $153 million, reflecting an 18.1% margin, which marks an increase from the previous year. The company also repurchased $296 million in common stock throughout 2024, reducing its share count by 13%.
Looking ahead, Garrett Motion projects net sales of $3.4 billion and net income of $232 million for 2025. The company plans to increase its R&D spending, focusing more than 50% on zero-emission technologies. Additionally, Garrett Motion has announced a $250 million share repurchase program and plans to distribute $50 million in quarterly dividends to shareholders. Despite the revenue miss, the company continues to secure new business wins in turbo technologies and electrification solutions. The company remains committed to navigating market uncertainties with a focus on sustainable growth and cost management.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.