Garrett Motion Inc. (NYSE:GTX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,490 shares of the company's stock after selling 29,496 shares during the quarter. JPMorgan Chase & Co. owned about 0.05% of Garrett Motion worth $989,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GTX. Savant Capital LLC bought a new stake in shares of Garrett Motion during the 4th quarter valued at about $96,000. KLP Kapitalforvaltning AS acquired a new position in Garrett Motion in the fourth quarter valued at approximately $133,000. Pacific Global Investment Management Co. bought a new position in shares of Garrett Motion during the fourth quarter valued at approximately $150,000. ARS Investment Partners LLC acquired a new stake in shares of Garrett Motion during the 4th quarter worth approximately $181,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Garrett Motion in the 4th quarter worth approximately $191,000. Institutional investors own 86.27% of the company's stock.

Insider Buying and Selling at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value of $875,326.34. Following the completion of the transaction, the insider now owns 10,395,183 shares in the company, valued at $103,328,119.02. This represents a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $9.05, for a total transaction of $13,597,091.05. Following the sale, the insider now owns 25,834,957 shares in the company, valued at $233,806,360.85. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,109,853 shares of company stock worth $28,920,153. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

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, April 4th.

Garrett Motion Stock Down 0.2 %

Shares of NYSE:GTX opened at $9.15 on Monday. The company's 50-day moving average price is $8.94 and its 200 day moving average price is $8.80. The company has a market cap of $1.87 billion, a PE ratio of 7.20 and a beta of 0.67. Garrett Motion Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $10.39.

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.

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