Corient Private Wealth LLC Sells 24,438 Shares of Garrett Motion Inc. (NYSE:GTX)

Corient Private Wealth LLC lowered its position in shares of Garrett Motion Inc. (NYSE:GTX) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,475 shares of the company’s stock after selling 24,438 shares during the quarter. Corient Private Wealth LLC owned 0.10% of Garrett Motion worth $1,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC grew its position in Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after buying an additional 136,600 shares during the period. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Garrett Motion during the 4th quarter valued at approximately $15,442,000. Assenagon Asset Management S.A. increased its stake in shares of Garrett Motion by 32.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company’s stock worth $1,755,000 after purchasing an additional 47,126 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Garrett Motion by 5.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,419,485 shares of the company’s stock worth $11,611,000 after purchasing an additional 70,246 shares during the period. Finally, VELA Investment Management LLC purchased a new position in shares of Garrett Motion during the 4th quarter valued at $883,000. Hedge funds and other institutional investors 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 company’s stock in a transaction dated Tuesday, February 25th. The stock was 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. This represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 1,457,412 shares of company stock worth $13,973,062. Corporate insiders own 0.60% of the company’s stock.

Garrett Motion Price Performance

NYSE GTX opened at $8.77 on Tuesday. The company’s 50 day simple moving average is $9.38 and its two-hundred day simple moving average is $8.70. The stock has a market capitalization of $1.80 billion, a PE ratio of 6.91 and a beta of 1.09. Garrett Motion Inc. has a 1 year low of $7.13 and a 1 year high of $10.39.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Garrett Motion in a research note on Tuesday, February 25th.

Garrett Motion 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.