Garmin Ltd. $GRMN Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Garmin Ltd. (NYSE:GRMN) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 125,350 shares of the scientific and technical instruments company’s stock after selling 6,701 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Garmin worth $30,864,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quaker Wealth Management LLC grew its stake in Garmin by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 264 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Garmin by 62.2% in the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. Tradewinds Capital Management LLC acquired a new stake in shares of Garmin in the third quarter valued at approximately $44,000. Newbridge Financial Services Group Inc. increased its stake in shares of Garmin by 96.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 123 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its position in shares of Garmin by 1,530.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 212 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GRMN shares. Tigress Financial reiterated a “strong-buy” rating on shares of Garmin in a report on Friday, December 19th. Barclays raised Garmin from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $208.00 to $217.00 in a research note on Friday, January 16th. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.40.

Garmin Price Performance

GRMN opened at $206.17 on Friday. The stock has a market capitalization of $39.65 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.00. The business has a 50-day moving average of $202.85 and a two-hundred day moving average of $222.42. Garmin Ltd. has a 12 month low of $169.26 and a 12 month high of $261.69.

Garmin (NYSE:GRMN) last announced its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, hitting the consensus estimate of $1.99. Garmin had a net margin of 22.63% and a return on equity of 19.42%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm posted $1.99 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS. Equities research analysts anticipate that Garmin Ltd. will post 7.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Clifton A. Pemble sold 10,431 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total transaction of $2,151,185.13. Following the completion of the sale, the chief executive officer directly owned 135,180 shares in the company, valued at $27,878,171.40. This represents a 7.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Patrick Desbois sold 3,678 shares of Garmin stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.40, for a total value of $773,851.20. Following the completion of the transaction, the chief operating officer owned 61,798 shares in the company, valued at $13,002,299.20. The trade was a 5.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,594 shares of company stock valued at $3,437,592 over the last quarter. Company insiders own 15.38% of the company’s stock.

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.