Garrett Motion Inc. (NYSE:GTX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Garrett Motion Inc. (NYSE:GTX) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 807,950 shares of the company’s stock after buying an additional 25,818 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Garrett Motion were worth $7,296,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new position in Garrett Motion during the 3rd quarter valued at about $87,000. Savant Capital LLC acquired a new position in Garrett Motion during the 4th quarter valued at about $96,000. XTX Topco Ltd acquired a new position in Garrett Motion during the 3rd quarter valued at about $132,000. Pacific Global Investment Management Co. acquired a new position in Garrett Motion during the 4th quarter valued at about $150,000. Finally, ARS Investment Partners LLC acquired a new position in shares of Garrett Motion in the fourth quarter valued at about $181,000. 86.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $9.96, for a total value of $3,479,535.96. Following the sale, the insider now owns 10,098,173 shares in the company, valued at $100,577,803.08. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 1,457,412 shares of company stock valued at $13,973,062. Company insiders own 0.60% of the company’s stock.

Garrett Motion Stock Performance

Shares of GTX stock opened at $8.94 on Monday. The stock’s 50-day simple moving average is $9.39 and its 200-day simple moving average is $8.70. The firm has a market capitalization of $1.83 billion, a PE ratio of 7.04 and a beta of 1.09. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.39.

Analyst Upgrades and Downgrades

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