Royce & Associates LP Has $18.71 Million Stock Position in Garrett Motion Inc. (NYSE:GTX)

Royce & Associates LP grew its position in Garrett Motion Inc. (NYSE:GTX) by 25.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,072,173 shares of the company’s stock after buying an additional 422,955 shares during the period. Royce & Associates LP’s holdings in Garrett Motion were worth $18,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc acquired a new position in Garrett Motion in the 3rd quarter worth $237,000. Entropy Technologies LP boosted its stake in Garrett Motion by 17.0% in the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company’s stock worth $147,000 after purchasing an additional 2,600 shares during the period. GSA Capital Partners LLP acquired a new position in Garrett Motion in the 3rd quarter worth $616,000. Aigen Investment Management LP acquired a new position in Garrett Motion in the 3rd quarter worth $116,000. Finally, Victory Capital Management Inc. boosted its stake in Garrett Motion by 3.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,225,850 shares of the company’s stock worth $10,027,000 after purchasing an additional 38,852 shares during the period. Institutional investors and hedge funds own 86.27% of the company’s stock.

Garrett Motion Price Performance

Shares of NYSE:GTX opened at $8.95 on Monday. The company’s 50-day moving average price is $9.39 and its two-hundred day moving average price is $8.67. 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 $1.83 billion, a PE ratio of 7.05 and a beta of 1.09.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $9.96, for a total transaction of $3,479,535.96. Following the sale, the insider now directly owns 10,098,173 shares of the company’s stock, valued at $100,577,803.08. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 1,457,412 shares of company stock valued at $13,973,062 in the last three months. 0.60% of the stock is currently owned by corporate 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.