Robeco Institutional Asset Management B.V. continued to hold its position in shares of Garmin Ltd. (NASDAQ:GRMN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,129 shares of the company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V. owned 0.07% of Garmin worth $5,350,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Advisors Solutions LLC boosted its position in shares of Garmin by 8.4% in the second quarter. Dynamic Advisors Solutions LLC now owns 99,914 shares of the company’s stock worth $4,238,000 after buying an additional 7,710 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Garmin by 3.1% in the second quarter. Gilman Hill Asset Management LLC now owns 91,700 shares of the company’s stock worth $3,890,000 after buying an additional 2,734 shares in the last quarter. Rockland Trust Co. boosted its position in shares of Garmin by 7.1% in the second quarter. Rockland Trust Co. now owns 39,215 shares of the company’s stock worth $1,664,000 after buying an additional 2,595 shares in the last quarter. FCM Investments TX boosted its position in shares of Garmin by 38.8% in the second quarter. FCM Investments TX now owns 33,152 shares of the company’s stock worth $1,406,000 after buying an additional 9,259 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Garmin by 15.0% in the second quarter. Brookstone Capital Management now owns 84,974 shares of the company’s stock worth $3,605,000 after buying an additional 11,084 shares in the last quarter. Hedge funds and other institutional investors own 35.74% of the company’s stock.

Garmin Ltd. (NASDAQ:GRMN) traded down 0.65% during mid-day trading on Friday, reaching $47.23. 1,894,458 shares of the company’s stock traded hands. The stock has a market cap of $8.92 billion, a P/E ratio of 17.95 and a beta of 0.82. Garmin Ltd. has a 12 month low of $30.93 and a 12 month high of $56.19. The company has a 50 day moving average price of $52.13 and a 200-day moving average price of $44.29.

Garmin (NASDAQ:GRMN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. Garmin had a net margin of 17.29% and a return on equity of 14.97%. The firm earned $812 million during the quarter, compared to analyst estimates of $763.37 million. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Garmin Ltd. will post $2.53 EPS for the current year.

A number of brokerages recently issued reports on GRMN. Vetr cut shares of Garmin from a “hold” rating to a “sell” rating and set a $45.67 price objective for the company. in a report on Thursday, August 25th. Raymond James Financial Inc. upgraded shares of Garmin from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Thursday, August 25th. Morgan Stanley decreased their price objective on shares of Garmin from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, August 25th. Goldman Sachs Group Inc. cut shares of Garmin from a “neutral” rating to a “sell” rating and set a $12.00 price objective for the company. in a report on Wednesday, August 24th. Finally, Citigroup Inc. cut shares of Garmin to a “market perform” rating in a report on Monday, August 22nd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $40.97.

In other Garmin news, VP Danny J. Bartel sold 786 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.53, for a total transaction of $42,860.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew R. Etkind sold 1,046 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $54.90, for a total transaction of $57,425.40. The disclosure for this sale can be found here. Company insiders own 18.30% of the company’s stock.

About Garmin

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products.

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