Royce & Associates LP Acquires 109,430 Shares of Garrett Motion Inc. (NYSE:GTX)

Royce & Associates LP raised its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,649,218 shares of the company's stock after purchasing an additional 109,430 shares during the period. Royce & Associates LP owned 0.77% of Garrett Motion worth $13,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GTX. Lummis Asset Management LP boosted its stake in Garrett Motion by 49.1% during the third quarter. Lummis Asset Management LP now owns 175,150 shares of the company's stock valued at $1,433,000 after buying an additional 57,702 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Garrett Motion by 3.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,225,850 shares of the company's stock worth $10,027,000 after acquiring an additional 38,852 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Garrett Motion during the 3rd quarter valued at approximately $116,000. New South Capital Management Inc. grew its holdings in shares of Garrett Motion by 19.0% in the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company's stock valued at $22,170,000 after purchasing an additional 431,779 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Garrett Motion in the third quarter worth $616,000. Hedge funds and other institutional investors own 86.27% of the company's stock.

Insider Buying and Selling

In other news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the sale, the senior vice president now owns 140,509 shares of the company's stock, valued at approximately $1,049,602.23. This represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Garrett Motion Trading Up 0.6 %

Shares of NYSE:GTX opened at $7.85 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 7.70 and a beta of 1.17. Garrett Motion Inc. has a 12 month low of $7.13 and a 12 month high of $10.16. The company has a 50-day moving average price of $7.92 and a 200 day moving average price of $8.46.

Garrett Motion (NYSE:GTX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.06). The company had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same period in the previous year, the business earned $0.23 earnings per share. As a group, equities analysts forecast that Garrett Motion Inc. will post 1.08 EPS for the current year.

Analyst Ratings Changes

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, October 25th.

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.