Bank of Jackson Hole Trust acquired a new stake in shares of Garmin Ltd. (NYSE:GRMN – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 599 shares of the scientific and technical instruments company’s stock, valued at approximately $124,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Garmin by 1.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company’s stock valued at $591,000 after acquiring an additional 49 shares during the period. Curbstone Financial Management Corp raised its holdings in shares of Garmin by 1.3% in the fourth quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company’s stock valued at $802,000 after buying an additional 50 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Garmin by 1.4% in the fourth quarter. HB Wealth Management LLC now owns 3,821 shares of the scientific and technical instruments company’s stock valued at $788,000 after buying an additional 53 shares during the last quarter. Outlook Wealth Advisors LLC raised its holdings in shares of Garmin by 2.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $481,000 after buying an additional 58 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Garmin by 8.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 804 shares of the scientific and technical instruments company’s stock valued at $166,000 after buying an additional 63 shares during the last quarter. 81.60% of the stock is owned by institutional investors.
Garmin Trading Up 13.2 %
Shares of NYSE:GRMN opened at $243.13 on Thursday. The stock has a market capitalization of $46.69 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.27 and a beta of 0.98. Garmin Ltd. has a 1-year low of $121.20 and a 1-year high of $246.50. The business has a 50-day moving average price of $212.99 and a two-hundred day moving average price of $194.84.
Insider Transactions at Garmin
In other news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the transaction, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.54% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on GRMN. Barclays lifted their price target on Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised Garmin to a “neutral” rating and lifted their price target for the company from $212.00 to $219.00 in a report on Friday, February 14th. Tigress Financial lifted their price target on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised Garmin to a “sell” rating and boosted their price objective for the stock from $164.00 to $171.00 in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $183.83.
Read Our Latest Report on Garmin
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.
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