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

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Thompson Siegel & Walmsley LLC boosted its stake in Garrett Motion Inc. (NYSE:GTX - Free Report) 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.

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Garrett Motion Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Garrett Motion (NYSE:GTX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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