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

Loomis Sayles & Co. L P boosted its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,579,376 shares of the company’s stock after buying an additional 159,891 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Garrett Motion were worth $14,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GTX. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Garrett Motion in the 4th quarter worth approximately $15,442,000. Public Employees Retirement System of Ohio purchased a new stake in Garrett Motion during the third quarter worth $5,928,000. Royce & Associates LP grew its holdings in Garrett Motion by 25.6% in the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock valued at $18,712,000 after purchasing an additional 422,955 shares during the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of Garrett Motion in the fourth quarter valued at $3,060,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Garrett Motion by 1,154.5% during the 4th quarter. Bank of New York Mellon Corp now owns 296,477 shares of the company’s stock worth $2,677,000 after buying an additional 272,843 shares during the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

Garrett Motion Price Performance

Shares of GTX opened at $8.18 on Friday. Garrett Motion Inc. has a 1-year low of $7.13 and a 1-year high of $10.39. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 6.44 and a beta of 1.09. The firm has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $8.71.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research note on Tuesday, February 25th.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the company’s 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 transaction, the insider now directly owns 10,395,183 shares in the company, valued at approximately $103,328,119.02. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 1,457,412 shares of company stock worth $13,973,062. 0.60% of the stock is owned by insiders.

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.