MAR 25·MarketBeat→
JPMorgan Chase & Co. Increases Position in Garrett Motion Inc. $GTX
JPMorgan Chase & Co. has increased its stake in Garrett Motion Inc. (NYSE:GTX) by 45.1% during the third quarter, now owning 1,705,484 shares valued at $23.23 million. Several other institutional investors have also adjusted their positions in GTX, and analysts currently rate the stock as a "Moderate Buy" with an average price target of $18.80. Insider transactions show recent sales by a senior vice president and a director, while Garrett Motion itself announced a stock buyback program of $250 million.
JAN 30·Stock Titan▲
Inside the new Ferrari F1 turbo deal as racing goes greener in 2026
Garrett Motion has renewed its technical partnership with Scuderia Ferrari HP, agreeing to develop and supply the next-generation turbo system for Ferrari's Formula 1 power unit for the 2026 FIA regulation cycle. This collaboration, which began in 2014, aims to achieve greater efficiency, faster energy recovery, and improved responsiveness under the new rules. The partnership highlights Garrett's expertise in aerodynamic and thermal engineering, reinforcing its role as a key technology supplier in motorsport as F1 moves towards a more electric-focused hybrid architecture.
