Garrett Motion Inc. (NYSE:GTX) Shares Acquired by Quarry LP

Quarry LP increased its position in shares of Garrett Motion Inc. (NYSE:GTX) by 54.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,170 shares of the company’s stock after purchasing an additional 1,830 shares during the quarter. Quarry LP’s holdings in Garrett Motion were worth $44,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GTX. Pekin Hardy Strauss Inc. boosted its stake in shares of Garrett Motion by 2.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 94,850 shares of the company’s stock valued at $815,000 after acquiring an additional 2,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Garrett Motion by 17.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,203 shares of the company’s stock worth $174,000 after acquiring an additional 2,933 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in Garrett Motion by 1.7% during the second quarter. Baker Ellis Asset Management LLC now owns 236,353 shares of the company’s stock worth $2,030,000 after acquiring an additional 3,981 shares during the last quarter. nVerses Capital LLC purchased a new stake in Garrett Motion in the 2nd quarter worth approximately $67,000. Finally, Financial Management Professionals Inc. raised its holdings in Garrett Motion by 93.1% in the 1st quarter. Financial Management Professionals Inc. now owns 16,344 shares of the company’s stock valued at $162,000 after acquiring an additional 7,879 shares during the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Garrett Motion

In other news, Director Julia Steyn sold 14,000 shares of Garrett Motion stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total value of $122,780.00. Following the transaction, the director now directly owns 53,781 shares of the company’s stock, valued at $471,659.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 3,779 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $10.01, for a total value of $37,827.79. Following the transaction, the insider now directly owns 27,337,398 shares of the company’s stock, valued at $273,647,353.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julia Steyn sold 14,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total value of $122,780.00. Following the completion of the sale, the director now directly owns 53,781 shares of the company’s stock, valued at $471,659.37. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Garrett Motion in a research report on Thursday, September 19th.

Garrett Motion Stock Performance

GTX opened at $8.04 on Friday. Garrett Motion Inc. has a 1 year low of $6.43 and a 1 year high of $10.16. The company’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $8.86. The stock has a market capitalization of $1.82 billion, a PE ratio of -6.99 and a beta of 1.15.

Garrett Motion (NYSE:GTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $950.00 million. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. During the same quarter last year, the business earned ($1.88) EPS. As a group, sell-side analysts expect that Garrett Motion Inc. will post 1.13 earnings per share for the current fiscal year.

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.