GTX
Garrett Motion
October 15, 2026 · market open
- Rarity
- 1.66
- Peak move
- −5.58%
- Float cap
- $4.3B
Garrett Motion designs and manufactures highly engineered turbochargers, electric boosting systems, fuel cell compressors, and high-speed electric motors and thermal management systems. It sells to passenger and commercial vehicle original equipment manufacturers, off-highway, marine and power-generation customers, and independent aftermarket distributors worldwide. The company also supplies oil-free centrifugal compressors for industrial cooling and HVAC applications.
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What we found
8 events · 0 from SEC or newswire · 0 timed with the move- Key event
analyst_ratingBofA Securities raised its recommendation on BorgWarner (NYSE:BWA) to Buy on October 15, 2026, with the sell-side consensus at Accumulate and an average price target of $80.93 versus a $58.50 close.
- Key event
analyst_ratingZacks Research downgraded Garrett Motion (GTX) from Strong Buy to Hold in a research note issued Monday, October 12, 2026, while the analyst consensus remained Moderate Buy with a $38.20 average price target.
- Key event
institutional_flowCopeland Capital Management increased its Garrett Motion (GTX) stake by 302.7% in the third quarter, buying 1,674,435 additional shares for a total of 2,227,662 shares worth about $58 million, per its latest SEC filing.
earnings_releaseGarrett Motion (Nasdaq: GTX) said it will publish its third-quarter 2026 financial results on October 29, 2026 before US market open and host a conference call that day at 8:30 am ET.
earnings_releaseSchaeffler reported preliminary Q3 2026 results with group revenue flat at EUR 5.8bn, an EBIT margin before special items of 4.2% versus 4.5%, an E-Mobility division EBIT margin of -13.1%, and about EUR 240 million in one-off E-Mobility charges mostly in Q3.
short_reportSchaeffler said it will exit its Thermal Management systems business after a portfolio review and right-size capacity amid European OEM volume reductions and project cancellations, generating about EUR 240 million in one-off 2026 charges.
analyst_ratingJefferies analyst Vanessa Jeffriess kept a Buy rating on Schaeffler with an EUR 8.70 price target after the supplier's surprise Q3 2026 figures, noting European OEM weakness in China is pressuring automotive suppliers.
equity_offeringGarrett Motion announced a secondary public offering of 17,000,000 shares held by affiliates of Oaktree Capital Management, Centerbridge Partners and Cyrus Capital Partners, with the company receiving no proceeds and authorizing a concurrent repurchase of about 2 million shares for up to $25 million.