Garrett Motion Inc. (NYSE:GTX) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its holdings in shares of Garrett Motion Inc. (NYSE:GTX) by 25.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,283,763 shares of the company’s stock after acquiring an additional 256,366 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.60% of Garrett Motion worth $10,501,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GTX. Moors & Cabot Inc. raised its holdings in Garrett Motion by 7.4% in the third quarter. Moors & Cabot Inc. now owns 72,500 shares of the company’s stock valued at $593,000 after acquiring an additional 5,000 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Garrett Motion in the 3rd quarter worth about $208,000. Gladius Capital Management LP bought a new position in shares of Garrett Motion during the third quarter worth about $58,000. Seizert Capital Partners LLC grew its stake in Garrett Motion by 76.6% in the third quarter. Seizert Capital Partners LLC now owns 659,132 shares of the company’s stock worth $5,392,000 after purchasing an additional 285,918 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Garrett Motion by 7.1% in the third quarter. Royce & Associates LP now owns 1,649,218 shares of the company’s stock valued at $13,491,000 after buying an additional 109,430 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Garrett Motion in a research note on Friday, October 25th.

Garrett Motion Trading Up 4.0 %

Garrett Motion stock opened at $8.16 on Friday. Garrett Motion Inc. has a 52 week low of $7.13 and a 52 week high of $10.16. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 8.00 and a beta of 1.17. The company’s 50-day moving average price is $7.93 and its two-hundred day moving average price is $8.42.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The firm had revenue of $826.00 million for the quarter, compared to the consensus estimate of $854.00 million. During the same period in the previous year, the business posted $0.23 earnings per share. Research analysts expect that Garrett Motion Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total value of $373,500.00. Following the transaction, the senior vice president now owns 140,509 shares of the company’s stock, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently 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.