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

Corient Private Wealth LLC reduced its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 10.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 217,475 shares of the company’s stock after selling 24,438 shares during the period. Corient Private Wealth LLC’s holdings in Garrett Motion were worth $1,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eubel Brady & Suttman Asset Management Inc. bought a new stake in Garrett Motion during the fourth quarter worth about $15,442,000. Public Employees Retirement System of Ohio bought a new stake in Garrett Motion in the 3rd quarter worth approximately $5,928,000. Royce & Associates LP boosted its stake in Garrett Motion by 25.6% in the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock worth $18,712,000 after buying an additional 422,955 shares in the last quarter. Four Tree Island Advisory LLC bought a new position in Garrett Motion during the fourth quarter valued at approximately $3,060,000. Finally, Bank of New York Mellon Corp grew its position in Garrett Motion by 1,154.5% during the fourth quarter. Bank of New York Mellon Corp now owns 296,477 shares of the company’s stock valued at $2,677,000 after acquiring an additional 272,843 shares during the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a report on Tuesday, February 25th.

Garrett Motion Stock Down 1.9 %

Garrett Motion stock opened at $8.77 on Tuesday. The firm has a fifty day simple moving average of $9.38 and a two-hundred day simple moving average of $8.70. Garrett Motion Inc. has a twelve month low of $7.13 and a twelve month high of $10.39. The company has a market capitalization of $1.80 billion, a PE ratio of 6.91 and a beta of 1.09.

Insider Transactions at Garrett Motion

In other news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $9.96, for a total value of $3,479,535.96. Following the transaction, the insider now owns 10,098,173 shares in the company, valued at approximately $100,577,803.08. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 1,457,412 shares of company stock worth $13,973,062. Company insiders own 0.60% of the company’s stock.

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.