Garrett Motion Inc. (NYSE:GTX) Holdings Raised by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its stake in Garrett Motion Inc. (NYSE:GTX) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,483,442 shares of the company’s stock after buying an additional 199,679 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.69% of Garrett Motion worth $13,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Garrett Motion during the 4th quarter worth $15,442,000. Royce & Associates LP increased its stake in shares of Garrett Motion by 7.1% during the 3rd quarter. Royce & Associates LP now owns 1,649,218 shares of the company’s stock worth $13,491,000 after purchasing an additional 109,430 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Garrett Motion by 5.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company’s stock worth $11,611,000 after purchasing an additional 70,246 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Garrett Motion by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,235,531 shares of the company’s stock worth $11,157,000 after purchasing an additional 9,681 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Garrett Motion by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 807,950 shares of the company’s stock worth $7,296,000 after purchasing an additional 25,818 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Garrett Motion Trading Down 3.1 %

NYSE:GTX opened at $8.68 on Friday. Garrett Motion Inc. has a 1 year low of $7.13 and a 1 year high of $10.39. The firm’s fifty day simple moving average is $9.39 and its 200 day simple moving average is $8.66. The firm has a market capitalization of $1.78 billion, a PE ratio of 6.83 and a beta of 1.09.

Insider Activity at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $9.96, for a total value of $3,479,535.96. Following the transaction, the insider now directly owns 10,098,173 shares in the company, valued at approximately $100,577,803.08. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 1,457,412 shares of company stock worth $13,973,062. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Garrett Motion in a research note on Tuesday, February 25th.

Garrett Motion Profile

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.