6 days Ago By Defense World Staff
Legal & General Group Plc decreased its position in Garrett Motion Inc. (NYSE:GTX – Free Report) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 81,009 shares of the company’s stock after selling 13,828 shares during the period. Legal & General Group Plc’s holdings in Garrett Motion were worth $732,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company.
Royce & Associates LP raised its position in Garrett Motion by 25.6% in the 4th quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock worth $18,712,000 after purchasing an additional 422,955 shares during the last quarter.
Eubel Brady & Suttman Asset Management Inc. acquired a new position in Garrett Motion during the fourth quarter valued at approximately $15,442,000. Loomis Sayles & Co.
L P increased its stake in Garrett Motion by 11.3% in the fourth quarter. Loomis Sayles & Co.
L P now owns 1,579,376 shares of the company’s stock valued at $14,262,000 after purchasing an additional 159,891 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in Garrett Motion by 15.6% in the fourth 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 period. Finally, Victory Capital Management Inc. boosted its position in shares of Garrett Motion by 0.
8% during the fourth quarter. Victory Capital Management Inc. now owns 1,235,531 shares of the company’s stock worth $11,157,000 after purchasing an additional 9,681 shares in the last quarter.
Institutional investors own 86.27% of the company’s stock. Garrett Motion Price PerformanceShares of NYSE:GTX opened at $9.
16 on Tuesday. The stock has a market capitalization of $1.87 billion, a PE ratio of 7.
21 and a beta of 0.67. The company’s 50-day moving average price is $8.
93 and its two-hundred day moving average price is $8.81. Garrett Motion Inc.
has a one year low of $7.02 and a one year high of $10.39.
Insider Activity at Garrett MotionIn other news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of Garrett Motion stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $9.96, for a total value of $3,479,535.
96. Following the completion of the sale, the insider now directly owns 10,098,173 shares in the company, valued at approximately $100,577,803.08.
The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Also, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the firm’s stock in a transaction on Wednesday, April 16th.
The stock was sold at an average price of $9.00, for a total value of $1,350,000.00.
Following the completion of the transaction, the insider now owns 25,434,957 shares in the company, valued at $228,914,613. The trade was a 0.59 % decrease in their position.
The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,109,853 shares of company stock worth $28,920,153. Company insiders own 0.
60% of the company’s stock. Wall Street Analysts Forecast GrowthSeparately, BWS Financial reiterated a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research report on Friday, April 4th.
View Our Latest Report on Garrett MotionAbout Garrett Motion (Free Report)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.Recommended StoriesFive stocks we like better than Garrett MotionHow to Calculate Return on Investment (ROI)Best Defense Stocks in 2025.
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