Teacher Retirement System of Texas Boosts Stock Position in Garrett Motion Inc. (NYSE:GTX)

Teacher Retirement System of Texas lifted its stake in Garrett Motion Inc. (NYSE:GTX - Free Report) by 1,952.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,965 shares of the company's stock after purchasing an additional 267,274 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Garrett Motion worth $2,537,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GTX. Dynamic Technology Lab Private Ltd purchased a new stake in Garrett Motion in the 3rd quarter valued at about $438,000. Loomis Sayles & Co. L P boosted its holdings in shares of Garrett Motion by 5.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company's stock valued at $11,611,000 after purchasing an additional 70,246 shares during the period. BBR Partners LLC purchased a new stake in shares of Garrett Motion in the third quarter valued at approximately $278,000. De Lisle Partners LLP grew its stake in Garrett Motion by 9.4% in the third quarter. De Lisle Partners LLP now owns 347,520 shares of the company's stock worth $2,838,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in Garrett Motion by 138.4% during the 3rd quarter. Verition Fund Management LLC now owns 45,528 shares of the company's stock worth $372,000 after purchasing an additional 26,428 shares during the period. Hedge funds and other institutional investors own 86.27% of the company's stock.

Insider Buying and Selling

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of Garrett Motion stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $9.96, for a total value of $3,479,535.96. Following the transaction, the insider now owns 10,098,173 shares in the company, valued at $100,577,803.08. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,457,412 shares of company stock valued at $13,973,062 over the last 90 days. Corporate insiders own 0.60% of the company's stock.

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Garrett Motion Price Performance

NYSE GTX traded down $0.33 during trading on Friday, reaching $8.18. 789,728 shares of the company's stock traded hands, compared to its average volume of 937,084. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.39. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 6.44 and a beta of 1.09. The company's 50 day simple moving average is $9.31 and its two-hundred day simple moving average is $8.72.

Analyst Ratings Changes

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

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.