Teacher Retirement System of Texas Purchases 267,274 Shares of Garrett Motion Inc. (NYSE:GTX)

Teacher Retirement System of Texas grew its position in Garrett Motion Inc. (NYSE:GTX) by 1,952.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 280,965 shares of the company’s stock after buying an additional 267,274 shares during the period. Teacher Retirement System of Texas’ holdings in Garrett Motion were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP lifted its position in Garrett Motion by 25.6% in the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock worth $18,712,000 after purchasing an additional 422,955 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Garrett Motion by 15.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,483,442 shares of the company’s stock valued at $13,395,000 after acquiring an additional 199,679 shares in the last quarter. Swiss National Bank boosted its position in shares of Garrett Motion by 11.3% during the 4th quarter. Swiss National Bank now owns 172,000 shares of the company’s stock valued at $1,553,000 after acquiring an additional 17,500 shares in the last quarter. HighTower Advisors LLC raised its position in Garrett Motion by 14.3% in the fourth quarter. HighTower Advisors LLC now owns 31,101 shares of the company’s stock worth $281,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Prosperity Wealth Management Inc. bought a new position in Garrett Motion during the fourth quarter worth about $365,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Insider Buying and Selling

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value of $875,326.34. Following the transaction, the insider now directly owns 10,395,183 shares in the company, valued at $103,328,119.02. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 1,457,412 shares of company stock worth $13,973,062 in the last quarter. 0.60% of the stock is owned by corporate insiders.

Garrett Motion Stock Performance

Shares of NYSE GTX opened at $8.86 on Thursday. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.39. The business has a fifty day moving average of $9.36 and a two-hundred day moving average of $8.71. The stock has a market cap of $1.82 billion, a PE ratio of 6.98 and a beta of 1.09.

Wall Street Analysts Forecast Growth

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