Royce & Associates LP Has $18.71 Million Position in Garrett Motion Inc. (NYSE:GTX)

Royce & Associates LP lifted its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,072,173 shares of the company's stock after acquiring an additional 422,955 shares during the period. Royce & Associates LP owned approximately 0.97% of Garrett Motion worth $18,712,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of Garrett Motion by 11.4% during the fourth quarter. Arizona State Retirement System now owns 25,362 shares of the company's stock worth $229,000 after acquiring an additional 2,586 shares in the last quarter. Entropy Technologies LP increased its position in shares of Garrett Motion by 17.0% during the third quarter. Entropy Technologies LP now owns 17,915 shares of the company's stock worth $147,000 after acquiring an additional 2,600 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Garrett Motion by 14.3% during the fourth quarter. HighTower Advisors LLC now owns 31,101 shares of the company's stock worth $281,000 after acquiring an additional 3,880 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Garrett Motion by 7.4% during the third quarter. Moors & Cabot Inc. now owns 72,500 shares of the company's stock worth $593,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of Garrett Motion during the third quarter worth $58,000. Institutional investors own 86.27% of the company's stock.

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Wall Street Analyst Weigh In

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

Garrett Motion Stock Up 0.2 %

GTX traded up $0.02 during trading hours on Thursday, hitting $8.97. 605,934 shares of the company's stock were exchanged, compared to its average volume of 922,356. Garrett Motion Inc. has a 1-year low of $7.13 and a 1-year high of $10.39. The stock's 50-day moving average is $9.39 and its two-hundred day moving average is $8.68. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 7.06 and a beta of 1.09.

Insider Buying and Selling

In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.41, for a total transaction of $4,893,200.00. Following the completion of the transaction, the insider now owns 9,795,684 shares in the company, valued at approximately $92,177,386.44. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 1,457,412 shares of company stock worth $13,973,062. 0.60% of the stock is owned by insiders.

Garrett Motion Company Profile

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.