Kwmg LLC boosted its stake in Garmin Ltd. (NYSE:GRMN – Free Report) by 159.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,125 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,922 shares during the period. Kwmg LLC’s holdings in Garmin were worth $896,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Westmount Partners LLC lifted its stake in shares of Garmin by 1.9% during the 1st quarter. Westmount Partners LLC now owns 2,205 shares of the scientific and technical instruments company’s stock worth $512,000 after acquiring an additional 42 shares during the last quarter. Caldwell Trust Co increased its stake in Garmin by 4.4% in the first quarter. Caldwell Trust Co now owns 1,023 shares of the scientific and technical instruments company’s stock worth $237,000 after purchasing an additional 43 shares during the period. HHM Wealth Advisors LLC increased its stake in Garmin by 6.9% in the first quarter. HHM Wealth Advisors LLC now owns 698 shares of the scientific and technical instruments company’s stock worth $162,000 after purchasing an additional 45 shares during the period. Fulton Bank N.A. lifted its position in shares of Garmin by 2.9% during the first quarter. Fulton Bank N.A. now owns 1,672 shares of the scientific and technical instruments company’s stock worth $388,000 after purchasing an additional 47 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in shares of Garmin by 23.9% during the first quarter. SJS Investment Consulting Inc. now owns 264 shares of the scientific and technical instruments company’s stock worth $61,000 after purchasing an additional 51 shares during the last quarter. 81.60% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director Sean Biddlecombe sold 986 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $292.88, for a total transaction of $288,779.68. Following the completion of the sale, the director directly owned 6,021 shares in the company, valued at $1,763,430.48. This represents a 14.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Joshua H. Maxfield sold 1,152 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $291.13, for a total value of $335,381.76. Following the sale, the vice president directly owned 15,042 shares in the company, valued at approximately $4,379,177.46. The trade was a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,108 shares of company stock worth $4,808,799 over the last quarter. Insiders own 14.80% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on Garmin
Garmin Price Performance
NYSE GRMN traded down $2.81 during trading on Wednesday, reaching $276.40. 161,267 shares of the company’s stock traded hands, compared to its average volume of 895,874. Garmin Ltd. has a 12-month low of $186.67 and a 12-month high of $314.28. The firm has a market cap of $53.30 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.82. The company’s 50 day simple moving average is $290.02 and its two-hundred day simple moving average is $259.19.
Garmin (NYSE:GRMN – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.51. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.17 EPS. Research analysts expect that Garmin Ltd. will post 10.08 earnings per share for the current fiscal year.
Garmin Profile
Garmin Ltd. is a technology company that develops products using global positioning system (GPS), satellite communications and other location-based technologies. The company serves consumers, businesses and professional users through product lines focused on fitness, outdoor recreation, aviation, marine and automotive applications.
Its offerings include smartwatches and fitness trackers, cycling computers, navigation devices, satellite communicators, outdoor handhelds, marine chartplotters and sonar systems, and aviation navigation and communication equipment.
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