Great West Life Assurance Co. Can cut its position in Garrett Motion Inc (NYSE:GTX) by 9.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 103,193 shares of the company’s stock after selling 10,933 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Garrett Motion were worth $1,520,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Financial Advocates Investment Management purchased a new position in Garrett Motion in the fourth quarter worth about $669,000. Mason Street Advisors LLC raised its holdings in Garrett Motion by 3.4% in the first quarter. Mason Street Advisors LLC now owns 23,771 shares of the company’s stock worth $350,000 after buying an additional 785 shares during the last quarter. Comerica Bank raised its holdings in Garrett Motion by 1.1% in the first quarter. Comerica Bank now owns 74,193 shares of the company’s stock worth $1,235,000 after buying an additional 818 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Garrett Motion by 0.7% in the first quarter. New York State Teachers Retirement System now owns 136,109 shares of the company’s stock worth $2,005,000 after buying an additional 990 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Garrett Motion by 0.3% in the first quarter. Gamco Investors INC. ET AL now owns 555,218 shares of the company’s stock worth $8,178,000 after buying an additional 1,551 shares during the last quarter. 82.10% of the stock is owned by institutional investors and hedge funds.

NYSE GTX traded down $0.08 during trading hours on Wednesday, hitting $16.00. 28,118 shares of the company’s stock traded hands, compared to its average volume of 748,122. The firm has a market capitalization of $1.19 billion and a price-to-earnings ratio of 3.95. Garrett Motion Inc has a 52 week low of $11.01 and a 52 week high of $22.00.

Garrett Motion (NYSE:GTX) last announced its earnings results on Tuesday, May 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.17. The business had revenue of $835.00 million for the quarter, compared to the consensus estimate of $835.79 million. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. Analysts predict that Garrett Motion Inc will post 3.43 EPS for the current fiscal year.

Several brokerages have issued reports on GTX. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Jefferies Financial Group reissued a “hold” rating and set a $17.00 price objective on shares of Garrett Motion in a report on Thursday, February 21st. Finally, Barclays reissued a “hold” rating on shares of Garrett Motion in a report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.00.

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Garrett Motion Company Profile

Garrett Motion Inc designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers. Its integrated vehicle health management tools detect intermittent faults and anomalies to provide understanding of the real-time health of a vehicle system.

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

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