Kestra Private Wealth Services LLC Buys 291 Shares of Garmin Ltd. (NYSE:GRMN)

Kestra Private Wealth Services LLC raised its position in Garmin Ltd. (NYSE:GRMN) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,212 shares of the scientific and technical instruments company’s stock after buying an additional 291 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Garmin were worth $1,488,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Garmin by 40.8% in the 3rd quarter. FMR LLC now owns 3,775,154 shares of the scientific and technical instruments company’s stock valued at $664,540,000 after buying an additional 1,093,219 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in Garmin during the 3rd quarter worth $53,252,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Garmin by 1,580.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 287,283 shares of the scientific and technical instruments company’s stock worth $50,570,000 after acquiring an additional 270,186 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Garmin by 123.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 486,281 shares of the scientific and technical instruments company’s stock worth $85,600,000 after purchasing an additional 268,996 shares during the period. Finally, KBC Group NV grew its holdings in Garmin by 560.8% during the 3rd quarter. KBC Group NV now owns 203,713 shares of the scientific and technical instruments company’s stock worth $35,860,000 after acquiring an additional 172,883 shares during the period. 81.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Douglas G. Boessen sold 1,761 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the sale, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. This represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Tigress Financial lifted their price target on shares of Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Barclays increased their price target on Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $171.00.

Garmin Stock Down 0.9 %

NYSE:GRMN opened at $209.57 on Thursday. The business’s 50-day moving average price is $213.14 and its two-hundred day moving average price is $193.14. The stock has a market cap of $40.24 billion, a P/E ratio of 26.60, a PEG ratio of 1.33 and a beta of 0.98. Garmin Ltd. has a twelve month low of $120.06 and a twelve month high of $223.33.

Garmin Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.