FMR LLC (Fidelity) disclosed a new position in Garrett Motion on August 12, 2026. The asset manager acquired 16.65 million preferred shares. This purchase represents an 8.9% ownership stake in that specific share class.
The investment follows Garrett Motion’s strong second-quarter 2026 financial performance. The company reported net sales of $976 million. Net income reached $101 million for the period, exceeding analyst estimates.
Garrett Motion recently raised its full-year financial outlook. Company leadership, including the CFO, is currently meeting with investors at the J.P. Morgan Automotive Conference to discuss these results.