Garrett Motion (NYSE:GTX) Hits New 12-Month Low – Should You Sell?

Garrett Motion Inc. (NYSE:GTX)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $7.02 and last traded at $7.30, with a volume of 380514 shares. The stock had previously closed at $7.60.

Analyst Upgrades and Downgrades

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

Garrett Motion Price Performance

The firm has a market cap of $1.50 billion, a P/E ratio of 5.78 and a beta of 0.67. The company’s 50-day simple moving average is $9.15 and its 200 day simple moving average is $8.71.

Insider Buying and Selling

In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $9.41, for a total transaction of $4,893,200.00. Following the sale, the insider now owns 9,795,684 shares in the company, valued at approximately $92,177,386.44. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 1,457,412 shares of company stock worth $13,973,062. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GTX. California State Teachers Retirement System lifted its stake in Garrett Motion by 9.2% in the fourth quarter. California State Teachers Retirement System now owns 75,376 shares of the company’s stock worth $681,000 after purchasing an additional 6,326 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Garrett Motion during the 4th quarter worth approximately $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Garrett Motion by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,098 shares of the company’s stock worth $1,265,000 after acquiring an additional 13,363 shares during the last quarter. State of Wyoming boosted its holdings in Garrett Motion by 34.4% during the 4th quarter. State of Wyoming now owns 73,968 shares of the company’s stock valued at $668,000 after acquiring an additional 18,946 shares during the period. Finally, Prevatt Capital Ltd grew its position in Garrett Motion by 18.2% in the 4th quarter. Prevatt Capital Ltd now owns 3,250,000 shares of the company’s stock valued at $29,348,000 after acquiring an additional 500,000 shares during the last quarter. 86.27% of the stock is owned by hedge funds and other 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.