Garrett Motion Inc. (NYSE:GTX) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its holdings in Garrett Motion Inc. (NYSE:GTX) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,419,485 shares of the company’s stock after buying an additional 70,246 shares during the period. Loomis Sayles & Co. L P owned about 0.66% of Garrett Motion worth $11,611,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GTX. Quarry LP increased its position in Garrett Motion by 54.8% in the second quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after buying an additional 1,830 shares during the period. Pekin Hardy Strauss Inc. lifted its position in Garrett Motion by 2.2% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 94,850 shares of the company’s stock valued at $815,000 after purchasing an additional 2,000 shares during the last quarter. Entropy Technologies LP lifted its position in Garrett Motion by 17.0% in the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company’s stock valued at $147,000 after purchasing an additional 2,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Garrett Motion by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,203 shares of the company’s stock valued at $174,000 after purchasing an additional 2,933 shares during the period. Finally, Covestor Ltd bought a new position in Garrett Motion in the 3rd quarter worth about $28,000. Institutional investors own 86.27% of the company’s stock.

Insider Activity at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction that occurred 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 approximately $1,049,602.23. The trade was a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Garrett Motion Stock Performance

NYSE:GTX opened at $8.37 on Thursday. The stock has a market cap of $1.79 billion, a price-to-earnings 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 business has a fifty day moving average of $7.95 and a 200-day moving average of $8.38.

Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The company had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. 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.

Analyst Ratings Changes

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

About Garrett Motion

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.