Entropy Technologies LP Raises Position in Garrett Motion Inc. (NYSE:GTX)

Entropy Technologies LP increased its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,915 shares of the company’s stock after purchasing an additional 2,600 shares during the quarter. Entropy Technologies LP’s holdings in Garrett Motion were worth $147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GTX. Mitsubishi UFJ Trust & Banking Corp increased its position in Garrett Motion by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 123,709 shares of the company’s stock valued at $1,233,000 after acquiring an additional 10,655 shares during the last quarter. Vanguard Group Inc. lifted its stake in Garrett Motion by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,462,714 shares of the company’s stock worth $24,479,000 after purchasing an additional 39,375 shares during the last quarter. Kahn Brothers Group Inc. purchased a new position in shares of Garrett Motion during the first quarter valued at approximately $214,000. Redwood Investment Management LLC bought a new position in shares of Garrett Motion during the first quarter valued at approximately $639,000. Finally, Baker Ellis Asset Management LLC raised its holdings in shares of Garrett Motion by 1.7% in the second quarter. Baker Ellis Asset Management LLC now owns 236,353 shares of the company’s stock worth $2,030,000 after buying an additional 3,981 shares during the period. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research report on Friday, October 25th.

Garrett Motion Stock Up 0.6 %

Shares of NYSE:GTX opened at $7.85 on Monday. The business’s 50 day moving average is $7.92 and its 200 day moving average is $8.45. The stock has a market cap of $1.68 billion, a P/E ratio of 7.70 and a beta of 1.17. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.16.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.06). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The firm had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, sell-side analysts anticipate that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the completion of the transaction, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. The trade was a 26.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Garrett Motion 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.