Guyasuta Investment Advisors Inc. Takes Position in Garrett Motion Inc. (NYSE:GTX)

Guyasuta Investment Advisors Inc. acquired a new position in shares of Garrett Motion Inc. (NYSE:GTX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 109,935 shares of the company’s stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Garrett Motion in the third quarter valued at $43,000. Altfest L J & Co. Inc. acquired a new stake in shares of Garrett Motion during the 3rd quarter worth about $79,000. Financial Management Professionals Inc. purchased a new stake in shares of Garrett Motion during the fourth quarter worth about $82,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Garrett Motion by 83.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,738 shares of the company’s stock valued at $92,000 after buying an additional 5,328 shares during the period. Finally, Quent Capital LLC lifted its stake in Garrett Motion by 27,500.0% in the fourth quarter. Quent Capital LLC now owns 11,040 shares of the company’s stock valued at $107,000 after acquiring an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $15.00 price target on shares of Garrett Motion in a research note on Monday, April 8th.

Garrett Motion Price Performance

NYSE GTX traded down $0.06 during trading on Monday, reaching $9.77. 873,874 shares of the company’s stock were exchanged, compared to its average volume of 1,042,724. Garrett Motion Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $10.16. The business has a 50 day moving average price of $9.65 and a 200-day moving average price of $8.70.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Garrett Motion had a net margin of 6.42% and a negative return on equity of 35.33%. The business had revenue of $945.00 million during the quarter, compared to analysts’ expectations of $949.00 million. On average, analysts predict that Garrett Motion Inc. will post 1.05 EPS for the current year.

Insider Activity at Garrett Motion

In other news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $10.03, for a total value of $2,006,000.00. Following the completion of the sale, the insider now directly owns 28,267,284 shares of the company’s stock, valued at $283,520,858.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $10.03, for a total transaction of $2,006,000.00. Following the transaction, the insider now directly owns 28,267,284 shares of the company’s stock, valued at $283,520,858.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $9.00, for a total value of $90,000,000.00. Following the completion of the transaction, the insider now owns 15,236,484 shares of the company’s stock, valued at approximately $137,128,356. The disclosure for this sale can be found here. Insiders have sold 11,161,193 shares of company stock worth $101,430,410 in the last quarter. Company insiders own 0.60% of the company’s stock.

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.