Garrett Motion Inc. (NYSE:GTX) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in Garrett Motion Inc. (NYSE:GTX) by 41.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,895 shares of the company’s stock after purchasing an additional 68,093 shares during the quarter. Sterling Capital Management LLC owned approximately 0.11% of Garrett Motion worth $2,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GTX. Barclays PLC lifted its position in shares of Garrett Motion by 85.2% in the 3rd quarter. Barclays PLC now owns 297,022 shares of the company’s stock worth $2,430,000 after buying an additional 136,600 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in Garrett Motion in the fourth quarter worth about $15,442,000. Assenagon Asset Management S.A. lifted its holdings in Garrett Motion by 32.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company’s stock worth $1,755,000 after acquiring an additional 47,126 shares during the last quarter. VELA Investment Management LLC acquired a new position in Garrett Motion in the fourth quarter valued at approximately $883,000. Finally, Four Tree Island Advisory LLC bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $3,060,000. Institutional investors own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Garrett Motion in a research report on Friday, April 4th.

Garrett Motion Stock Performance

Garrett Motion stock opened at $8.81 on Monday. Garrett Motion Inc. has a one year low of $7.02 and a one year high of $10.39. The company has a 50-day simple moving average of $8.99 and a 200-day simple moving average of $8.73. The firm has a market capitalization of $1.80 billion, a P/E ratio of 6.94 and a beta of 0.67.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of Garrett Motion stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $9.96, for a total transaction of $3,479,535.96. Following the sale, the insider now owns 10,098,173 shares of the company’s stock, valued at $100,577,803.08. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 1,457,412 shares of company stock valued at $13,973,062 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Garrett Motion Company 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.