3,383 Shares in Garmin Ltd. $GRMN Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of Garmin Ltd. (NYSE:GRMN) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,383 shares of the scientific and technical instruments company’s stock, valued at approximately $686,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ARK Investment Management LLC grew its holdings in Garmin by 10.9% in the third quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock valued at $7,122,000 after purchasing an additional 2,852 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Garmin in the fourth quarter valued at $979,000. Diversified Trust Co. grew its holdings in Garmin by 123.1% in the fourth quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock valued at $1,673,000 after purchasing an additional 4,551 shares during the last quarter. DB Fitzpatrick & Co Inc acquired a new stake in Garmin in the fourth quarter valued at $1,439,000. Finally, DNB Asset Management AS grew its holdings in Garmin by 6.8% in the third quarter. DNB Asset Management AS now owns 32,438 shares of the scientific and technical instruments company’s stock valued at $7,987,000 after purchasing an additional 2,060 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Price Performance

Garmin stock opened at $238.23 on Monday. The stock’s 50-day moving average is $245.02 and its 200-day moving average is $227.05. The company has a market cap of $45.95 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 2.81 and a beta of 0.91. Garmin Ltd. has a 12 month low of $186.67 and a 12 month high of $273.32.

Garmin (NYSE:GRMN) last posted its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.24. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Research analysts anticipate that Garmin Ltd. will post 9.53 EPS for the current year.

Analyst Ratings Changes

GRMN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research note on Monday, June 8th. Barclays decreased their price objective on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Zacks Research lowered Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Morgan Stanley set a $249.00 price objective on Garmin in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $269.40.

Insider Buying and Selling

In other news, CFO Douglas G. Boessen sold 2,000 shares of Garmin stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $237.91, for a total value of $475,820.00. Following the completion of the transaction, the chief financial officer owned 26,049 shares in the company, valued at approximately $6,197,317.59. This trade represents a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of Garmin stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total value of $169,475.51. Following the completion of the transaction, the director owned 21,277 shares of the company’s stock, valued at approximately $5,607,978.89. The trade was a 2.93% decrease in their position. The SEC filing for this sale provides additional information. 19.54% of the stock is owned by company insiders.

Garmin Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.