Basswood Capital Management L.L.C. Acquires Shares of 16,315 Garrett Motion Inc (GTX)

Share on StockTwits

Basswood Capital Management L.L.C. acquired a new position in shares of Garrett Motion Inc (NYSE:GTX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,315 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Garrett Motion during the third quarter worth approximately $1,890,000. Bank of New York Mellon Corp purchased a new position in Garrett Motion in the third quarter worth $2,225,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Garrett Motion in the third quarter worth $1,092,000. Baird Financial Group Inc. purchased a new position in Garrett Motion in the third quarter worth $342,000. Finally, Allianz Asset Management GmbH purchased a new position in Garrett Motion in the third quarter worth $571,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

NYSE:GTX opened at $14.76 on Monday. The firm has a market capitalization of $1.14 billion and a price-to-earnings ratio of 3.64. Garrett Motion Inc has a 1 year low of $11.01 and a 1 year high of $22.00.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Wednesday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $781.48 million. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts expect that Garrett Motion Inc will post 3.3 EPS for the current fiscal year.

Several research firms have issued reports on GTX. Zacks Investment Research cut Garrett Motion from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Jefferies Financial Group reiterated a “hold” rating and issued a $17.00 price objective on shares of Garrett Motion in a research report on Thursday, February 21st. Barclays reiterated a “hold” rating on shares of Garrett Motion in a research report on Thursday, February 21st. Desjardins cut Garrett Motion to a “buy” rating in a research report on Wednesday, January 23rd. Finally, Royal Bank of Canada upgraded Garrett Motion from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $11.00 to $15.00 in a research report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Garrett Motion currently has an average rating of “Hold” and an average price target of $15.00.

COPYRIGHT VIOLATION NOTICE: “Basswood Capital Management L.L.C. Acquires Shares of 16,315 Garrett Motion Inc (GTX)” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4229691/basswood-capital-management-l-l-c-acquires-shares-of-16315-garrett-motion-inc-gtx.html.

About Garrett Motion

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 was incorporated in 2018 and is headquartered in Rolle, Switzerland.

Recommended Story: Options Trading

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

Receive News & Ratings for Garrett Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garrett Motion and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Canada eCoin  Price Hits $0.0035
Canada eCoin Price Hits $0.0035
Iqvia Holdings Inc  Given Consensus Recommendation of “Buy” by Brokerages
Iqvia Holdings Inc Given Consensus Recommendation of “Buy” by Brokerages
Blockpass  Price Up 63.1% Over Last Week
Blockpass Price Up 63.1% Over Last Week
Marsh & McLennan Companies  Coverage Initiated by Analysts at Goldman Sachs Group
Marsh & McLennan Companies Coverage Initiated by Analysts at Goldman Sachs Group
Superior Energy Services, Inc.  Stake Decreased by Raymond James & Associates
Superior Energy Services, Inc. Stake Decreased by Raymond James & Associates
Tortoise Investment Management LLC Acquires 5,335 Shares of SPDR S&P 500 ETF Trust
Tortoise Investment Management LLC Acquires 5,335 Shares of SPDR S&P 500 ETF Trust


© 2006-2019 Ticker Report