Garrett Motion Inc. (NYSE:GTX) Stake Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,419,485 shares of the company's stock after buying an additional 70,246 shares during the period. Loomis Sayles & Co. L P owned approximately 0.66% of Garrett Motion worth $11,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTX. Wittenberg Investment Management Inc. increased its stake in Garrett Motion by 3.0% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 484,337 shares of the company's stock valued at $3,962,000 after buying an additional 14,200 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Garrett Motion during the third quarter valued at approximately $438,000. Pekin Hardy Strauss Inc. increased its stake in shares of Garrett Motion by 63.9% during the third quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company's stock valued at $1,272,000 after acquiring an additional 60,600 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in Garrett Motion by 25.0% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company's stock worth $10,501,000 after purchasing an additional 256,366 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in Garrett Motion by 7.4% in the third quarter. Moors & Cabot Inc. now owns 72,500 shares of the company's stock worth $593,000 after purchasing an additional 5,000 shares during the period. 86.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the completion of the transaction, the senior vice president now directly owns 140,509 shares in the company, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Garrett Motion Price Performance

Shares of GTX traded down $0.11 during mid-day trading on Thursday, hitting $8.37. The company's stock had a trading volume of 502,087 shares, compared to its average volume of 926,632. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.16. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.21 and a beta of 1.17. The firm has a 50-day moving average price of $7.96 and a 200 day moving average price of $8.38.

Garrett Motion (NYSE:GTX - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.06). The company had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same period in the prior year, the company posted $0.23 EPS. As a group, equities analysts anticipate that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, BWS Financial reissued a "buy" rating and issued a $12.00 price objective on shares of Garrett Motion in a research note on Friday, October 25th.

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.