Garrett Motion’s (GTX) “Buy” Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Garrett Motion (NYSE:GTX) in a research note issued to investors on Friday,Benzinga reports. BWS Financial currently has a $12.00 price target on the stock.

Garrett Motion Stock Down 3.4 %

Garrett Motion stock opened at $7.34 on Friday. The company’s 50-day moving average price is $9.15 and its two-hundred day moving average price is $8.72. The stock has a market cap of $1.50 billion, a P/E ratio of 5.78 and a beta of 0.67. Garrett Motion has a twelve month low of $7.02 and a twelve month high of $10.39.

Insider Activity at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of Garrett Motion stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $9.96, for a total value of $3,479,535.96. Following the completion of the sale, the insider now owns 10,098,173 shares in the company, valued at $100,577,803.08. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,457,412 shares of company stock worth $13,973,062 in the last ninety days. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GTX. Quarry LP boosted its stake in shares of Garrett Motion by 180.3% in the fourth quarter. Quarry LP now owns 7,755 shares of the company’s stock valued at $70,000 after buying an additional 4,988 shares during the period. Deutsche Bank AG lifted its position in shares of Garrett Motion by 185.5% during the 4th quarter. Deutsche Bank AG now owns 8,202 shares of the company’s stock valued at $74,000 after acquiring an additional 5,329 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Garrett Motion during the 3rd quarter worth $87,000. Savant Capital LLC bought a new position in shares of Garrett Motion in the fourth quarter worth $96,000. Finally, XTX Topco Ltd acquired a new position in Garrett Motion in the third quarter valued at about $132,000. 86.27% of the stock is owned by institutional investors.

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.