Stifel Financial Corp Acquires Shares of 27,577 Garrett Motion Inc (GTX)

Stifel Financial Corp acquired a new position in Garrett Motion Inc (NYSE:GTX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,577 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Garrett Motion by 1,389,042.2% during the fourth quarter. BlackRock Inc. now owns 8,682,139 shares of the company’s stock valued at $107,137,000 after acquiring an additional 8,681,514 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Garrett Motion by 619.7% during the fourth quarter. Bank of New York Mellon Corp now owns 865,663 shares of the company’s stock valued at $10,682,000 after acquiring an additional 745,383 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Garrett Motion during the fourth quarter valued at approximately $6,832,000. America First Investment Advisors LLC raised its stake in shares of Garrett Motion by 146.8% during the fourth quarter. America First Investment Advisors LLC now owns 815,674 shares of the company’s stock valued at $10,065,000 after acquiring an additional 485,188 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Garrett Motion by 2,684.4% during the fourth quarter. Northern Trust Corp now owns 440,915 shares of the company’s stock valued at $5,441,000 after acquiring an additional 425,080 shares in the last quarter. 83.14% of the stock is owned by institutional investors and hedge funds.

GTX has been the subject of several research analyst reports. Zacks Investment Research raised shares of Garrett Motion from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, January 4th. Desjardins downgraded shares of Garrett Motion to a “buy” rating in a research note on Wednesday, January 23rd. Barclays set a $14.00 price target on shares of Garrett Motion and gave the company a “hold” rating in a research note on Friday, January 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 price target on shares of Garrett Motion in a research note on Thursday, February 21st. Finally, Royal Bank of Canada raised shares of Garrett Motion from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $11.00 to $15.00 in a research note on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Garrett Motion currently has an average rating of “Hold” and an average target price of $15.00.

Garrett Motion stock opened at $18.81 on Friday. Garrett Motion Inc has a fifty-two week low of $11.01 and a fifty-two week high of $22.00.

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

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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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