Fjarde AP Fonden Fourth Swedish National Pension Fund Has $15.10 Million Position in Garmin Ltd. $GRMN

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Garmin Ltd. (NYSE:GRMN) by 39.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,101 shares of the scientific and technical instruments company’s stock after purchasing an additional 18,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Garmin were worth $15,104,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in GRMN. Reflection Asset Management bought a new position in Garmin in the 4th quarter worth approximately $32,000. Atlas Capital Advisors Inc. bought a new stake in shares of Garmin in the fourth quarter valued at approximately $34,000. Torren Management LLC bought a new stake in shares of Garmin in the fourth quarter valued at approximately $41,000. GraniteShares Advisors LLC acquired a new stake in shares of Garmin in the fourth quarter worth $41,000. Finally, SHP Wealth Management acquired a new stake in shares of Garmin in the fourth quarter worth $44,000. Institutional investors own 81.60% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Douglas G. Boessen sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $237.91, for a total transaction of $475,820.00. Following the completion of the transaction, the chief financial officer directly owned 26,049 shares of the company’s stock, valued at approximately $6,197,317.59. This trade represents a 7.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of Garmin stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $263.57, for a total transaction of $169,475.51. Following the sale, the director owned 21,277 shares in the company, valued at approximately $5,607,978.89. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 15.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GRMN has been the topic of a number of research reports. Wall Street Zen lowered shares of Garmin from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley set a $249.00 price target on shares of Garmin in a research report on Thursday, April 30th. Tigress Financial boosted their price objective on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 20th. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Barclays reduced their target price on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.40.

Garmin Trading Up 0.0%

GRMN opened at $240.03 on Friday. The stock’s 50 day simple moving average is $238.95 and its 200-day simple moving average is $230.61. The stock has a market cap of $46.29 billion, a PE ratio of 26.76, a P/E/G ratio of 2.84 and a beta of 0.90. Garmin Ltd. has a 1 year low of $186.67 and a 1 year high of $273.32.

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

Garmin Company 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.