Vanguard Group Inc. Has $17.53 Million Stock Position in Garrett Motion Inc. (NYSE:GTX)

Vanguard Group Inc. boosted its position in Garrett Motion Inc. (NYSE:GTX - Free Report) by 152.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,224,144 shares of the company's stock after purchasing an additional 1,341,535 shares during the period. Vanguard Group Inc. owned about 0.92% of Garrett Motion worth $17,526,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in Garrett Motion during the 1st quarter valued at $35,000. Quantbot Technologies LP purchased a new position in Garrett Motion in the 2nd quarter valued at about $37,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Garrett Motion during the third quarter worth about $43,000. Barclays PLC raised its position in shares of Garrett Motion by 888.6% in the second quarter. Barclays PLC now owns 6,505 shares of the company's stock valued at $49,000 after buying an additional 5,847 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Garrett Motion by 342.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,864 shares of the company's stock worth $75,000 after acquiring an additional 7,636 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reissued a "buy" rating and set a $15.00 price target on shares of Garrett Motion in a research note on Monday, April 8th.

Garrett Motion Stock Down 1.8 %

Shares of GTX traded down $0.17 during mid-day trading on Monday, hitting $9.33. The company had a trading volume of 735,202 shares, compared to its average volume of 1,042,217. Garrett Motion Inc. has a 1-year low of $6.43 and a 1-year high of $10.16. The business's 50-day simple moving average is $9.48 and its 200-day simple moving average is $8.56. The stock has a market cap of $2.22 billion, a PE ratio of -7.22 and a beta of 1.31.

Garrett Motion (NYSE:GTX - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $945.00 million during the quarter, compared to the consensus estimate of $949.00 million. Garrett Motion had a negative return on equity of 49.01% and a net margin of 6.72%. On average, sell-side analysts expect that Garrett Motion Inc. will post 1.05 earnings per share for the current year.

Insider Activity at Garrett Motion

In other news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of Garrett Motion stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $10.03, for a total transaction of $2,006,000.00. Following the sale, the insider now owns 28,267,284 shares in the company, valued at $283,520,858.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the business's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $10.03, for a total value of $2,006,000.00. Following the transaction, the insider now owns 28,267,284 shares in the company, valued at $283,520,858.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.00, for a total value of $90,000,000.00. Following the sale, the insider now owns 15,236,484 shares of the company's stock, valued at approximately $137,128,356. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,161,193 shares of company stock worth $101,430,410. 37.08% of the stock is currently owned by corporate insiders.

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.