59,073 Shares in Garrett Motion Inc. (NYSE:GTX) Acquired by Northern Trust Corp

Northern Trust Corp purchased a new position in shares of Garrett Motion Inc. (NYSE:GTX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,073 shares of the company’s stock, valued at approximately $472,000. Northern Trust Corp owned about 0.09% of Garrett Motion as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC purchased a new position in Garrett Motion during the 2nd quarter worth $29,000. Deutsche Bank AG purchased a new position in Garrett Motion during the 2nd quarter worth $30,000. Amundi Pioneer Asset Management Inc. purchased a new position in Garrett Motion during the 1st quarter worth $98,000. Advisor Group Holdings Inc. purchased a new position in Garrett Motion during the 2nd quarter worth $66,000. Finally, National Asset Management Inc. purchased a new position in Garrett Motion during the 2nd quarter worth $217,000. 72.94% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Garrett Motion from a “hold” rating to a “sell” rating in a report on Wednesday, October 6th.

Shares of NYSE:GTX opened at $7.06 on Wednesday. Garrett Motion Inc. has a 12-month low of $5.32 and a 12-month high of $8.90. The firm has a fifty day moving average of $7.28. The stock has a market cap of $459.34 million, a P/E ratio of 7.93 and a beta of 2.00.

Garrett Motion Company Profile

Garrett Motion, Inc provides automobile technology. The firm engages in the designing, manufacturing and selling engineered turbocharger, electric-boosting technologies for light and commercial vehicle original equipment manufacturers. It offers light vehicle gasoline, light vehicle diesel and commercial vehicle turbochargers that enhance vehicle performance, fuel economy and drivability.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for Garrett Motion (NYSE:GTX)