Loomis Sayles & Co. L P Boosts Holdings in Garrett Motion Inc. (NYSE:GTX)

Loomis Sayles & Co. L P increased its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,579,376 shares of the company’s stock after acquiring an additional 159,891 shares during the quarter. Loomis Sayles & Co. L P owned about 0.74% of Garrett Motion worth $14,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTX. Savant Capital LLC acquired a new stake in shares of Garrett Motion during the fourth quarter worth about $96,000. Paloma Partners Management Co purchased a new position in Garrett Motion during the 3rd quarter worth approximately $87,000. KLP Kapitalforvaltning AS acquired a new position in Garrett Motion during the fourth quarter worth approximately $133,000. XTX Topco Ltd purchased a new stake in Garrett Motion in the third quarter valued at approximately $132,000. Finally, Pacific Global Investment Management Co. acquired a new stake in shares of Garrett Motion in the fourth quarter valued at approximately $150,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Garrett Motion

In other news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of Garrett Motion stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value of $875,326.34. Following the sale, the insider now owns 10,395,183 shares of the company’s stock, valued at $103,328,119.02. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,457,412 shares of company stock worth $13,973,062 in the last quarter. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Garrett Motion in a report on Tuesday, February 25th.

Garrett Motion Stock Performance

Shares of NYSE:GTX opened at $8.18 on Friday. Garrett Motion Inc. has a one year low of $7.13 and a one year high of $10.39. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.44 and a beta of 1.09. The company has a 50-day simple moving average of $9.31 and a 200-day simple moving average of $8.71.

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.