Dimensional Fund Advisors LP elevated its place in Garmin Ltd. (NYSE:GRMN – Free Report) by 0.8% within the 2nd quarter, in keeping with its most up-to-date 13F submitting with the SEC. The agency owned 1,735,623 shares of the scientific and technical devices firm’s inventory after shopping for a further 13,968 shares throughout the interval. Dimensional Fund Advisors LP owned about 0.90% of Garmin value $282,761,000 on the finish of the latest quarter.
Different institutional traders and hedge funds have additionally purchased and bought shares of the corporate. Dorsey & Whitney Belief CO LLC grew its place in shares of Garmin by 3.3% throughout the first quarter. Dorsey & Whitney Belief CO LLC now owns 2,309 shares of the scientific and technical devices firm’s inventory value $344,000 after buying a further 73 shares within the final quarter. UMB Financial institution n.a. lifted its holdings in Garmin by 2.6% within the 2nd quarter. UMB Financial institution n.a. now owns 2,879 shares of the scientific and technical devices firm’s inventory value $469,000 after buying a further 74 shares within the final quarter. Massmutual Belief Co. FSB ADV lifted its holdings in Garmin by 17.6% within the 1st quarter. Massmutual Belief Co. FSB ADV now owns 542 shares of the scientific and technical devices firm’s inventory value $81,000 after buying a further 81 shares within the final quarter. 1620 Funding Advisors Inc. lifted its holdings in Garmin by 4.0% within the 4th quarter. 1620 Funding Advisors Inc. now owns 2,168 shares of the scientific and technical devices firm’s inventory value $279,000 after buying a further 84 shares within the final quarter. Lastly, Sequoia Monetary Advisors LLC lifted its holdings in Garmin by 3.4% within the 2nd quarter. Sequoia Monetary Advisors LLC now owns 2,629 shares of the scientific and technical devices firm’s inventory value $428,000 after buying a further 86 shares within the final quarter. 73.41% of the inventory is owned by institutional traders.
Wall Road Analyst Weigh In
GRMN has been the subject of numerous analysis analyst stories. Barclays minimize Garmin from an “equal weight” ranking to an “underweight” ranking and lowered their worth goal for the inventory from $181.00 to $133.00 in a report on Friday, September thirteenth. StockNews.com minimize Garmin from a “purchase” ranking to a “maintain” ranking in a report on Thursday, September twelfth. Lastly, Financial institution of America minimize Garmin from a “impartial” ranking to an “underperform” ranking and lowered their worth goal for the inventory from $165.00 to $150.00 in a report on Wednesday, Might twenty second. Two funding analysts have rated the inventory with a promote ranking, 4 have assigned a maintain ranking and one has assigned a robust purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the corporate has a mean ranking of “Maintain” and a consensus goal worth of $151.33.
Verify Out Our Newest Evaluation on GRMN
Garmin Inventory Efficiency
NYSE GRMN opened at $171.58 on Wednesday. The corporate has a market cap of $32.96 billion, a P/E ratio of 24.20, a P/E/G ratio of three.16 and a beta of 1.00. The enterprise’s 50 day transferring common worth is $174.22 and its 200-day transferring common worth is $161.98. Garmin Ltd. has a fifty-two week low of $99.61 and a fifty-two week excessive of $184.42.
Garmin (NYSE:GRMN – Get Free Report) final launched its earnings outcomes on Wednesday, July thirty first. The scientific and technical devices firm reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.18. The agency had income of $1.51 billion for the quarter, in comparison with the consensus estimate of $1.42 billion. Garmin had a return on fairness of 17.09% and a web margin of 24.36%. The corporate’s income for the quarter was up 14.3% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the corporate posted $1.45 EPS. As a gaggle, equities analysts predict that Garmin Ltd. will put up 6.05 EPS for the present yr.
Insiders Place Their Bets
In different Garmin information, Director Philip Straub bought 2,750 shares of the inventory in a transaction on Friday, August thirtieth. The inventory was bought at a mean worth of $181.46, for a complete worth of $499,015.00. Following the sale, the director now owns 88,622 shares within the firm, valued at $16,081,348.12. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of the SEC web site. In different information, insider Cheng-Wei Wang bought 10,055 shares of the agency’s inventory in a transaction on Wednesday, August twenty first. The inventory was bought at a mean worth of $177.16, for a complete transaction of $1,781,343.80. Following the transaction, the insider now owns 40,965 shares within the firm, valued at $7,257,359.40. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Additionally, Director Philip Straub bought 2,750 shares of the agency’s inventory in a transaction on Friday, August thirtieth. The shares have been bought at a mean worth of $181.46, for a complete worth of $499,015.00. Following the transaction, the director now owns 88,622 shares within the firm, valued at roughly $16,081,348.12. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 12,892 shares of firm inventory value $2,296,174 over the past quarter. Firm insiders personal 19.54% of the corporate’s inventory.
Garmin Firm Profile
Garmin Ltd. designs, develops, manufactures, markets, and distributes a spread of wi-fi units worldwide. Its Health section gives operating and multi-sport watches; biking merchandise; smartwatch units; scales and displays; and health equipment. This section additionally supplies Garmin Join and Garmin Join Cell, that are net and cell platforms the place customers can observe and analyze their health, actions and exercises, and wellness information; and Join IQ, an software growth platform.
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