Garrett Motion Inc. (NYSE:GTX - Get Free Report) traded up 6.5% during trading on Monday . The company traded as high as $7.94 and last traded at $7.82. 776,227 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 945,345 shares. The stock had previously closed at $7.34.
Wall Street Analysts Forecast Growth
Separately, BWS Financial reiterated a "buy" rating and set a $12.00 price objective on shares of Garrett Motion in a research report on Friday, April 4th.
Check Out Our Latest Stock Analysis on Garrett Motion
Garrett Motion Price Performance
The business's 50-day moving average is $8.99 and its 200 day moving average is $8.73. The firm has a market capitalization of $1.81 billion, a P/E ratio of 6.94 and a beta of 0.67.
Insider Transactions at Garrett Motion
In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.41, for a total value of $4,893,200.00. Following the completion of the transaction, the insider now owns 9,795,684 shares of the company's stock, valued at $92,177,386.44. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 1,457,412 shares of company stock valued at $13,973,062. 0.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Garrett Motion
A number of large investors have recently bought and sold shares of GTX. Barclays PLC increased its stake in shares of Garrett Motion by 85.2% in the 3rd quarter. Barclays PLC now owns 297,022 shares of the company's stock valued at $2,430,000 after purchasing an additional 136,600 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in Garrett Motion in the fourth quarter valued at about $15,442,000. Assenagon Asset Management S.A. grew its position in Garrett Motion by 32.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company's stock valued at $1,755,000 after acquiring an additional 47,126 shares during the last quarter. VELA Investment Management LLC acquired a new position in Garrett Motion during the fourth quarter worth about $883,000. Finally, Four Tree Island Advisory LLC bought a new position in shares of Garrett Motion in the fourth quarter worth about $3,060,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.
About Garrett Motion
(
Get 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.
Read More
Before you consider Garrett Motion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Garrett Motion wasn't on the list.
While Garrett Motion currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
