Garrett Motion (NYSE:GTX) Earns “Buy” Rating from BWS Financial

Garrett Motion (NYSE:GTX)‘s stock had its “buy” rating reaffirmed by investment analysts at BWS Financial in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $12.00 price target on the stock. BWS Financial’s price target points to 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 mid-day trading on Tuesday, reaching $9.74. The stock had a trading volume of 24,098 shares, compared to its average volume of 818,648. The firm has a 50 day simple moving average of $9.30 and a two-hundred day simple moving average of $8.55. The firm has a market cap of $2.00 billion, a PE ratio of 7.68 and a beta of 1.15. Garrett Motion has a twelve month low of $7.13 and a twelve month high of $10.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New South Capital Management Inc. increased its position in Garrett Motion by 19.0% in 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 period. Barclays PLC boosted its holdings in Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company’s stock worth $2,430,000 after purchasing an additional 136,600 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in shares of Garrett Motion by 63.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company’s stock valued at $1,272,000 after acquiring an additional 60,600 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Garrett Motion by 25.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock valued at $10,501,000 after acquiring an additional 256,366 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Garrett Motion in the 3rd quarter valued at approximately $616,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

About Garrett Motion

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.