According to Zacks, “Garrett Motion Inc. provides transportation systems. The Company offers turbochargers, engines, diesel tank and other related parts. Garrett Motion Inc. is based in Switzerland. “
Garrett Motion stock traded down $0.45 during mid-day trading on Tuesday, reaching $13.05. 4,046 shares of the company traded hands, compared to its average volume of 708,583. The stock’s 50 day moving average price is $14.83. The stock has a market capitalization of $1.02 billion and a price-to-earnings ratio of 3.22. Garrett Motion has a 52-week low of $11.01 and a 52-week high of $22.00.
Several large investors have recently added to or reduced their stakes in GTX. Versant Capital Management Inc grew its position in shares of Garrett Motion by 200.8% in the 1st quarter. Versant Capital Management Inc now owns 2,590 shares of the company’s stock worth $38,000 after buying an additional 1,729 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Garrett Motion in the 4th quarter worth about $53,000. Coastal Investment Advisors Inc. grew its position in shares of Garrett Motion by 1,550.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,795 shares of the company’s stock worth $56,000 after buying an additional 3,565 shares during the period. Rocky Mountain Advisers LLC purchased a new stake in shares of Garrett Motion in the 2nd quarter worth about $60,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Garrett Motion in the 4th quarter worth about $62,000. 82.05% of the stock is currently owned by hedge funds and other institutional investors.
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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