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Garrett Motion (GTX) Stock Gets Buy Rating as Zero Emission Strategy Gains Traction
Yahoo Finance· 2025-10-02 05:53
Garrett Motion Inc. (NASDAQ:GTX) ranks among the top NASDAQ stocks with low P/E ratios. On September 18, Stifel began coverage of Garrett Motion Inc. (NASDAQ:GTX) with a Buy rating and a $17.50 price target. The firm said that Garrett Motion Inc. (NASDAQ:GTX) aims to generate $1 billion in revenue from its Zero Emission portfolio by 2030, highlighting the company’s potential to deliver differentiated growth from this market. Copyright: zenstock / 123RF Stock Photo Despite dwindling addressable markets, ...
Magna International: The Lowdown On The Recent XPeng Vehicle Assembly Deal (NYSE:MGA)
Seeking Alpha· 2025-09-16 14:07
Group 1 - Magna International, Inc. is a prominent auto component supplier based in Canada and is classified as a large-cap stock [1] - The company has experienced an underwhelming journey throughout the current year [1]
Magna International: The Lowdown On The Recent XPeng Vehicle Assembly Deal
Seeking Alpha· 2025-09-16 14:07
Group 1 - Magna International, Inc. is a prominent auto component supplier based in Canada and is classified as a large-cap stock [1] - The company has experienced an underwhelming journey throughout the current year [1]
SEBI clears six IPOs worth ₹12,500 crore
BusinessLine· 2025-09-15 13:24
Group 1: IPO Overview - The capital markets regulator SEBI has approved six initial public offerings (IPOs) that will collectively raise approximately ₹12,500 crore [1] - Canara Robeco Asset Management Company will conduct a complete offer for sale of 4.98 crore equity shares, with Canara Bank diluting 2.59 crore shares and ORIX Corporation Europe NV offering 2.39 crore shares [1] Group 2: Fund Profiles - Canara Robeco manages 25 schemes, including 12 equity schemes, 10 debt schemes, and three hybrid schemes, with a quarterly average AUM of ₹1,083.66 billion as of December-end [2] - Hero Motors plans to raise ₹1,200 crore through its IPO, consisting of fresh issuance of shares worth ₹800 crore and an offer-for-sale of shares worth up to ₹400 crore by promoters [2] - Manipal Payment and Identity Solutions has confidentially filed a Draft Red Herring Prospectus (DRHP) for an IPO that includes both an offer-for-sale and fresh share issuance [3] Group 3: Capital Use and Company Focus - A significant portion of the capital raised by Manipal Payment and Identity Solutions will be utilized to reduce debt at the promoter entity level [4] - Pine Labs aims to raise ₹2,600 crore through the issuance of new shares, while existing shareholders will sell 14.78 crore equity shares via offer-for-sale [5] - Orkla India will conduct an IPO comprising an offer for sale of 2.28 crore equity shares by promoters and other shareholders [6] - Emmvee Photovoltaic Power plans to raise ₹3,000 crore, with promoters selling shares worth ₹856 crore and the company issuing fresh shares worth ₹2,144 crore [6]
X @Bloomberg
Bloomberg· 2025-07-11 09:48
Supply Chain & Geopolitics - A diplomatic breakthrough with China is seen as the only short-term solution to alleviate the shortage of rare-earth magnets [1] - The shortage impacts a major auto components maker [1]
Buying Into Phinia: A Promising Spin-Off Entering Its Growth Phase
Seeking Alpha· 2025-06-29 09:12
Group 1 - The article highlights PHINIA Inc. as an attractive investment opportunity within the auto components industry, particularly due to its status as a relatively new spin-off [1] - The author emphasizes the integration of legal knowledge with financial insights, which provides a unique perspective on business dynamics [1] Group 2 - The article does not provide any specific financial data or performance metrics related to PHINIA Inc. or the auto components industry [2][3]
Why Garrett Motion Stock Is Down Today
The Motley Fool· 2025-05-21 15:07
Core Viewpoint - Garrett Motion announced a significant secondary offering of 17 million shares, leading to a 10% drop in its stock value as investors reacted negatively to the increased share supply [1][4]. Company Overview - Garrett Motion is the former auto division of Honeywell International, specializing in turbochargers for internal combustion engine vehicles and components for hybrid and battery electric vehicles [3]. - The company underwent bankruptcy after separating from Honeywell but has since returned to public markets with substantial ownership from private equity firms that aided in its restructuring [3]. Shareholder Dynamics - The secondary offering consists of shares owned by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners, with Garrett not receiving any proceeds from this offering [4]. - Private equity investors typically do not hold long-term stakes, indicating their intention to gradually cash out to return capital to their investors [5]. Financial Performance - Despite the ownership overhang from private equity sales, Garrett has successfully transformed into a free cash flow-generating entity, with the capacity to repurchase shares and currently offering a dividend yield of 2.3% [6]. Investment Perspective - For investors seeking solid cash generation opportunities, Garrett is considered an attractive option despite the short-term volatility associated with the secondary offering [7].