Thompson Siegel & Walmsley LLC Acquires 256,366 Shares of Garrett Motion Inc. (NYSE:GTX)

Thompson Siegel & Walmsley LLC grew its holdings in shares of Garrett Motion Inc. (NYSE:GTX) by 25.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,283,763 shares of the company’s stock after purchasing an additional 256,366 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Garrett Motion were worth $10,501,000 as of its most recent filing with the Securities and Exchange Commission.

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

Garrett Motion Trading Up 4.0 %

Shares of GTX stock opened at $8.16 on Friday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 8.00 and a beta of 1.17. Garrett Motion Inc. has a 1 year low of $7.13 and a 1 year high of $10.16. The firm’s fifty day simple moving average is $7.93 and its 200 day simple moving average is $8.42.

Garrett Motion (NYSE:GTX) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.24 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 company had revenue of $826.00 million for the quarter, compared to analyst estimates of $854.00 million. During the same period in the prior year, the company posted $0.23 EPS. Equities research analysts anticipate that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the transaction, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

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.