5 big analyst AI moves: Nvidia guidance warning; Snowflake, Palo Alto upgraded
NEW YORK—Centerbridge Credit Partners and affiliated entities recently sold shares of Garrett Motion Inc. (NASDAQ:GTX), totaling approximately $4.73 million. The transactions, disclosed in an SEC filing, involved the sale of 500,000 shares at a price of $9.45 each on March 5, 2025. The stock, currently trading near $9.46, shows a 17.7% gain over the past six months, with InvestingPro analysis indicating the company is slightly undervalued.
The transactions were executed by Centerbridge Special Credit Partners III-Flex, L.P., and Centerbridge Credit Partners Master, L.P., among other entities associated with Centerbridge. Following these sales, Centerbridge Special Credit Partners III-Flex, L.P. holds 23,716,915 shares, while Centerbridge Credit Partners Master, L.P. retains 9,949,894 shares. With a market capitalization of $1.94 billion and a P/E ratio of 7.41, Garrett Motion maintains a "GOOD" financial health rating according to InvestingPro metrics.
These sales were conducted indirectly by the reporting owners, who have noted that they disclaim beneficial ownership except to the extent of any pecuniary interest. The transactions highlight the ongoing portfolio adjustments by significant stakeholders in Garrett Motion, a company known for its automotive technologies. According to InvestingPro, management has been actively buying back shares, with multiple additional insights available to subscribers through the platform’s comprehensive research reports.
In other recent news, Garrett Motion Inc. reported its fourth-quarter 2024 earnings, showcasing a notable performance in earnings per share (EPS) but falling short on revenue expectations. The company achieved an EPS of $0.47, surpassing the forecasted $0.31, while revenue came in at $844 million, below the anticipated $905.5 million. Despite the earnings beat, the revenue miss raised investor concerns. The company also reported an adjusted EBITDA of $153 million, representing an 18.1% margin, and a full-year adjusted EBITDA of $598 million. Garrett Motion plans to continue focusing on zero-emission technologies, with R&D spending expected to rise to 4.6% of sales in 2025. Additionally, the company announced a new $250 million share repurchase program and plans to pay $50 million in quarterly dividends. These developments reflect Garrett Motion’s strategic focus on sustainability and shareholder value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.