Garrett Motion Inc. (NYSE:GTX) Position Boosted by Royce & Associates LP

Royce & Associates LP increased its stake in Garrett Motion Inc. (NYSE:GTX - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,072,173 shares of the company's stock after buying an additional 422,955 shares during the period. Royce & Associates LP owned about 0.97% of Garrett Motion worth $18,712,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC increased its position in shares of Garrett Motion by 15.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,483,442 shares of the company's stock worth $13,395,000 after purchasing an additional 199,679 shares during the last quarter. Swiss National Bank increased its holdings in Garrett Motion by 11.3% in the fourth quarter. Swiss National Bank now owns 172,000 shares of the company's stock valued at $1,553,000 after buying an additional 17,500 shares during the last quarter. HighTower Advisors LLC increased its holdings in Garrett Motion by 14.3% in the fourth quarter. HighTower Advisors LLC now owns 31,101 shares of the company's stock valued at $281,000 after buying an additional 3,880 shares during the last quarter. Prosperity Wealth Management Inc. bought a new position in Garrett Motion during the 4th quarter worth approximately $365,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of Garrett Motion in the 4th quarter worth approximately $224,000. 86.27% of the stock is owned by institutional investors and hedge funds.

Garrett Motion Stock Performance

Shares of NYSE GTX traded up $0.05 during midday trading on Monday, hitting $9.00. The company's stock had a trading volume of 881,383 shares, compared to its average volume of 923,590. The firm has a market cap of $1.85 billion, a P/E ratio of 7.09 and a beta of 1.09. Garrett Motion Inc. has a 1-year low of $7.13 and a 1-year high of $10.39. The firm's fifty day moving average price is $9.39 and its 200-day moving average price is $8.68.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the stock in a transaction dated 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 sale, the insider now owns 9,795,684 shares of the company's stock, valued at $92,177,386.44. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,457,412 shares of company stock worth $13,973,062 over the last ninety days. 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.