Gladius Capital Management LP acquired a new position in Garrett Motion Inc. (NYSE:GTX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,124 shares of the company’s stock, valued at approximately $58,000.
Several other institutional investors have also recently made changes to their positions in GTX. Redwood Investment Management LLC bought a new stake in Garrett Motion during the 1st quarter worth approximately $639,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Garrett Motion in the first quarter worth $1,962,000. New South Capital Management Inc. raised its position in shares of Garrett Motion by 19.0% during the 3rd 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 during the period. Quest Partners LLC lifted its stake in shares of Garrett Motion by 840.7% during the 2nd quarter. Quest Partners LLC now owns 114,816 shares of the company’s stock valued at $986,000 after buying an additional 102,611 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Garrett Motion by 17.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company’s stock worth $19,570,000 after buying an additional 335,472 shares during the period. Institutional investors own 86.27% of the company’s stock.
Insider Buying and Selling
In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 $1,049,602.23. The trade was a 26.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.
Garrett Motion Price Performance
Garrett Motion (NYSE:GTX – Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). The company had revenue of $826.00 million for the quarter, compared to analysts’ expectations 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 posted $0.23 earnings per share. Sell-side analysts anticipate that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Garrett Motion in a report on Friday, October 25th.
Get Our Latest Research Report on Garrett Motion
Garrett Motion 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.
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