Mitsubishi UFJ Trust & Banking Corp Reduces Stock Position in Garrett Motion Inc. (NYSE:GTX)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Garrett Motion Inc. (NYSE:GTX) by 4.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 181,657 shares of the company’s stock after selling 7,691 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Garrett Motion were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GTX. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Garrett Motion in the fourth quarter worth $15,442,000. Public Employees Retirement System of Ohio bought a new position in Garrett Motion in the 3rd quarter worth about $5,928,000. Royce & Associates LP grew its holdings in Garrett Motion by 25.6% during the 4th quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock valued at $18,712,000 after buying an additional 422,955 shares in the last quarter. Four Tree Island Advisory LLC bought a new stake in shares of Garrett Motion during the fourth quarter valued at about $3,060,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Garrett Motion by 1,154.5% in the fourth 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 in the last quarter. Institutional investors own 86.27% of the company’s stock.

Analyst Ratings Changes

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

Garrett Motion Stock Performance

Shares of GTX stock opened at $8.09 on Wednesday. The company has a market capitalization of $1.66 billion, a PE ratio of 6.37 and a beta of 1.09. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.39. The business’s fifty day moving average is $9.26 and its 200 day moving average is $8.73.

Insiders Place Their Bets

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.41, for a total value of $4,893,200.00. Following the completion of the transaction, the insider now owns 9,795,684 shares of the company’s stock, valued at $92,177,386.44. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 1,457,412 shares of company stock worth $13,973,062 in the last ninety days. 0.60% of the stock is currently owned by insiders.

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.