Thompson Siegel & Walmsley LLC Has $10.50 Million Holdings in Garrett Motion Inc. (NYSE:GTX)

Thompson Siegel & Walmsley LLC grew its position in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,283,763 shares of the company's stock after buying an additional 256,366 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.60% of Garrett Motion worth $10,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Covestor Ltd bought a new stake in Garrett Motion in the 3rd quarter valued at $28,000. Quarry LP raised its position in shares of Garrett Motion by 54.8% during the second quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after buying an additional 1,830 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Garrett Motion in the third quarter valued at about $58,000. nVerses Capital LLC acquired a new stake in Garrett Motion during the second quarter worth about $67,000. Finally, Caprock Group LLC bought a new position in Garrett Motion during the second quarter valued at about $103,000. Institutional investors own 86.27% of the company's stock.

Wall Street Analysts Forecast Growth

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

Garrett Motion Price Performance

Shares of GTX traded up $0.11 on Friday, hitting $8.31. The company's stock had a trading volume of 974,787 shares, compared to its average volume of 928,788. The company has a market capitalization of $1.77 billion, a PE ratio of 8.15 and a beta of 1.17. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.16. The company has a 50 day moving average price of $7.94 and a 200 day moving average price of $8.41.

Garrett Motion (NYSE:GTX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share 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 negative return on equity of 31.48% and a net margin of 6.54%. During the same quarter last year, the firm earned $0.23 EPS. On average, equities analysts forecast that Garrett Motion Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction on 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 sale, the senior vice president now 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 legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

About Garrett Motion

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.