De Lisle Partners LLP Boosts Stake in Garrett Motion Inc. (NYSE:GTX)

De Lisle Partners LLP raised its position in Garrett Motion Inc. (NYSE:GTX) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,520 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP’s holdings in Garrett Motion were worth $2,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BBR Partners LLC acquired a new stake in Garrett Motion during the 3rd quarter worth approximately $278,000. Loomis Sayles & Co. L P lifted its position in Garrett Motion by 5.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company’s stock valued at $11,611,000 after buying an additional 70,246 shares in the last quarter. Wittenberg Investment Management Inc. grew its stake in Garrett Motion by 3.0% during the third quarter. Wittenberg Investment Management Inc. now owns 484,337 shares of the company’s stock worth $3,962,000 after buying an additional 14,200 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Garrett Motion in the third quarter worth $438,000. Finally, Pekin Hardy Strauss Inc. raised its stake in shares of Garrett Motion by 63.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company’s stock valued at $1,272,000 after acquiring an additional 60,600 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the transaction, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. The trade was a 26.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Garrett Motion Stock Performance

GTX stock opened at $8.37 on Thursday. The firm has a market cap of $1.79 billion, a P/E ratio of 8.21 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 stock has a 50-day simple moving average of $7.95 and a 200-day simple moving average of $8.38.

Garrett Motion (NYSE:GTX) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The company had revenue of $826.00 million during the quarter, compared to analysts’ expectations of $854.00 million. Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. During the same quarter in the prior year, the company earned $0.23 EPS. On average, equities research analysts predict that Garrett Motion Inc. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

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

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.