Loomis Sayles & Co. L P Increases Stock Holdings in Garrett Motion Inc. (NYSE:GTX)

Loomis Sayles & Co. L P lifted its position in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,579,376 shares of the company's stock after purchasing an additional 159,891 shares during the quarter. Loomis Sayles & Co. L P owned 0.74% of Garrett Motion worth $14,262,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GTX. Dynamic Technology Lab Private Ltd acquired a new stake in Garrett Motion during the third quarter valued at $438,000. Verition Fund Management LLC grew its position in shares of Garrett Motion by 138.4% during the 3rd quarter. Verition Fund Management LLC now owns 45,528 shares of the company's stock valued at $372,000 after acquiring an additional 26,428 shares during the period. Maverick Capital Ltd. increased its stake in shares of Garrett Motion by 27.5% in the 3rd quarter. Maverick Capital Ltd. now owns 215,531 shares of the company's stock valued at $1,763,000 after purchasing an additional 46,470 shares in the last quarter. Paloma Partners Management Co acquired a new position in Garrett Motion in the 3rd quarter worth about $87,000. Finally, Centiva Capital LP acquired a new stake in Garrett Motion in the third quarter valued at approximately $431,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

Garrett Motion Price Performance

Garrett Motion stock traded up $0.16 during trading on Wednesday, reaching $8.25. 312,042 shares of the company were exchanged, compared to its average volume of 936,235. The stock's 50 day simple moving average is $9.26 and its two-hundred day simple moving average is $8.73. The company has a market capitalization of $1.69 billion, a P/E ratio of 6.48 and a beta of 1.09. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.39.

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Wall Street Analyst Weigh In

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

Insider Transactions at Garrett Motion

In other news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.41, for a total value of $4,893,200.00. Following the completion of the sale, the insider now owns 9,795,684 shares of the company's stock, valued at $92,177,386.44. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 1,457,412 shares of company stock worth $13,973,062 in the last quarter. Company insiders own 0.60% of the company's stock.

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.