Realta Investment Advisors Acquires 150 Shares of Garmin Ltd. (NYSE:GRMN)

Realta Investment Advisors lifted its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,735 shares of the scientific and technical instruments company’s stock after buying an additional 150 shares during the period. Realta Investment Advisors’ holdings in Garmin were worth $981,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Truist Financial Corp boosted its position in Garmin by 2.2% during the second quarter. Truist Financial Corp now owns 6,743 shares of the scientific and technical instruments company’s stock valued at $1,099,000 after purchasing an additional 148 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Garmin in the 2nd quarter valued at approximately $1,424,000. Czech National Bank grew its stake in shares of Garmin by 7.0% in the third quarter. Czech National Bank now owns 31,324 shares of the scientific and technical instruments company’s stock valued at $5,514,000 after buying an additional 2,043 shares in the last quarter. Fulton Bank N.A. increased its holdings in Garmin by 5.4% during the third quarter. Fulton Bank N.A. now owns 2,241 shares of the scientific and technical instruments company’s stock worth $394,000 after buying an additional 115 shares during the last quarter. Finally, Mather Group LLC. raised its position in Garmin by 3.2% during the third quarter. Mather Group LLC. now owns 3,490 shares of the scientific and technical instruments company’s stock worth $614,000 after acquiring an additional 107 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Garmin Stock Performance

Shares of GRMN stock opened at $219.77 on Friday. Garmin Ltd. has a 52 week low of $120.06 and a 52 week high of $222.97. The company has a market capitalization of $42.20 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.30 and a beta of 0.98. The company has a 50-day simple moving average of $212.87 and a 200 day simple moving average of $191.82.

Insider Transactions at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total value of $366,270.39. Following the completion of the sale, the chief financial officer now owns 27,612 shares of the company’s stock, valued at $5,743,019.88. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 19.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GRMN. Barclays lifted their price objective on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Tigress Financial lifted their price target on Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $171.00.

Garmin Company 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.