Garrett Motion Inc. (NYSE:GTX) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC grew its stake in Garrett Motion Inc. (NYSE:GTX - Free Report) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,483,442 shares of the company's stock after acquiring an additional 199,679 shares during the period. Thompson Siegel & Walmsley LLC owned 0.69% of Garrett Motion worth $13,395,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc purchased a new stake in shares of Garrett Motion in the 3rd quarter worth approximately $237,000. Covestor Ltd purchased a new stake in shares of Garrett Motion in the 3rd quarter worth approximately $28,000. Entropy Technologies LP lifted its position in shares of Garrett Motion by 17.0% in the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company's stock worth $147,000 after purchasing an additional 2,600 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Garrett Motion in the 3rd quarter worth approximately $616,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Garrett Motion in the 3rd quarter worth approximately $116,000. 86.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "buy" rating and issued a $12.00 price target on shares of Garrett Motion in a research report on Tuesday, February 25th.

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Insider Activity at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $4,893,200.00. Following the completion of the sale, the insider now owns 9,795,684 shares of the company's stock, valued at $92,177,386.44. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 1,457,412 shares of company stock valued at $13,973,062 over the last 90 days. Insiders own 0.60% of the company's stock.

Garrett Motion Stock Performance

NYSE:GTX traded up $0.27 during midday trading on Friday, reaching $8.95. 1,097,047 shares of the stock traded hands, compared to its average volume of 923,758. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.39. The business has a 50-day moving average of $9.39 and a two-hundred day moving average of $8.67. The stock has a market capitalization of $1.83 billion, a PE ratio of 7.05 and a beta of 1.09.

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.