Garrett Motion’s (GTX) Buy Rating Reiterated at BWS Financial

Garrett Motion (NYSE:GTX)‘s stock had its “buy” rating reaffirmed by research analysts at BWS Financial in a report released on Tuesday,Benzinga reports. They presently have a $12.00 price target on the stock. BWS Financial’s price target indicates a potential upside of 23.20% from the stock’s previous close.

Garrett Motion Trading Up 1.1 %

Shares of NYSE GTX traded up $0.11 during trading hours on Tuesday, hitting $9.74. 24,098 shares of the company traded hands, compared to its average volume of 818,648. Garrett Motion has a 12 month low of $7.13 and a 12 month high of $10.39. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 7.68 and a beta of 1.15. The company’s 50 day moving average price is $9.30 and its 200 day moving average price is $8.55.

Hedge Funds Weigh In On Garrett Motion

Institutional investors have recently modified their holdings of the business. Gates Capital Management Inc. acquired a new stake in shares of Garrett Motion in the 4th quarter valued at approximately $40,068,000. Prevatt Capital Ltd lifted its position in shares of Garrett Motion by 18.2% during the fourth quarter. Prevatt Capital Ltd now owns 3,250,000 shares of the company’s stock worth $29,348,000 after purchasing an additional 500,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Garrett Motion by 10.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,826 shares of the company’s stock valued at $25,886,000 after purchasing an additional 278,107 shares in the last quarter. New South Capital Management Inc. boosted its stake in Garrett Motion by 19.0% during the 3rd quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after acquiring an additional 431,779 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Garrett Motion by 6.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,163,439 shares of the company’s stock worth $19,536,000 after purchasing an additional 130,873 shares in the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Garrett Motion Company 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.