Commonwealth Equity Services LLC Trims Stake in Garmin Ltd. $GRMN

Posted by Geri Gentry on Jun 7th, 2026

Commonwealth Equity Services LLC lowered its holdings in Garmin Ltd. (NYSE:GRMN – Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,088 shares of the scientific and technical instruments company’s stock after selling 2,545 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Garmin were worth $5,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krilogy Financial LLC purchased a new stake in Garmin in the third quarter valued at $1,519,000. ARK Investment Management LLC raised its holdings in shares of Garmin by 10.9% in the 3rd quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock valued at $7,122,000 after buying an additional 2,852 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Garmin in the 4th quarter valued at $979,000. Diversified Trust Co. raised its holdings in shares of Garmin by 123.1% in the 4th quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock valued at $1,673,000 after buying an additional 4,551 shares during the period. Finally, DB Fitzpatrick & Co Inc purchased a new stake in shares of Garmin in the 4th quarter valued at $1,439,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Garmin Stock Performance

NYSE:GRMN opened at $236.62 on Friday. The stock has a 50-day simple moving average of $244.62 and a 200-day simple moving average of $225.18. The stock has a market cap of $45.63 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.79 and a beta of 0.91. Garmin Ltd. has a 1 year low of $186.67 and a 1 year high of $273.32.

Garmin (NYSE:GRMN – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities research analysts predict that Garmin Ltd. will post 9.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GRMN shares. Barclays cut their price objective on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Zacks Research downgraded Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen upgraded Garmin from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley set a $249.00 price objective on Garmin in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.40.

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About Garmin

(Free Report)

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.

Commonwealth Equity Services LLC Trims Stake in Garmin Ltd. $GRMN

Garmin Stock Performance

Wall Street Analysts Forecast Growth

About Garmin

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