1,759 Shares in Garmin Ltd. $GRMN Purchased by Curated Wealth Partners LLC

Curated Wealth Partners LLC bought a new stake in shares of Garmin Ltd. (NYSE:GRMN) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,759 shares of the scientific and technical instruments company’s stock, valued at approximately $505,000.

Several other large investors have also recently modified their holdings of GRMN. Dimensional Fund Advisors LP lifted its position in shares of Garmin by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,631,843 shares of the scientific and technical instruments company’s stock worth $378,540,000 after purchasing an additional 40,474 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Garmin by 73.8% in the 1st quarter. Bank of America Corp DE now owns 1,295,199 shares of the scientific and technical instruments company’s stock worth $300,499,000 after purchasing an additional 549,954 shares in the last quarter. Amundi increased its holdings in shares of Garmin by 82.5% during the first quarter. Amundi now owns 1,017,314 shares of the scientific and technical instruments company’s stock valued at $236,027,000 after acquiring an additional 459,980 shares in the last quarter. SG Americas Securities LLC grew its stake in Garmin by 192.8% during the 1st quarter. SG Americas Securities LLC now owns 506,273 shares of the scientific and technical instruments company’s stock valued at $117,460,000 after purchasing an additional 333,345 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Garmin by 7.0% during the first quarter. Swiss National Bank now owns 479,800 shares of the scientific and technical instruments company’s stock worth $111,318,000 after purchasing an additional 31,400 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Up 0.0%

NYSE:GRMN opened at $285.24 on Friday. The stock has a fifty day simple moving average of $285.82 and a 200-day simple moving average of $261.20. The company has a market capitalization of $55.01 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.82. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $314.28.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Thursday, July 30th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the company posted $2.17 EPS. The company’s revenue was up 11.4% on a year-over-year basis. As a group, equities analysts anticipate that Garmin Ltd. will post 10.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GRMN shares. Wall Street Zen cut shares of Garmin from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Arete Research began coverage on shares of Garmin in a report on Wednesday. They set a “buy” rating and a $335.00 target price on the stock. Zacks Research cut Garmin from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. UBS Group set a $370.00 price target on Garmin in a research note on Thursday, August 6th. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Garmin in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Garmin currently has an average rating of “Moderate Buy” and an average price target of $313.71.

Insider Activity

In other news, Director Sean Biddlecombe sold 986 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $292.88, for a total transaction of $288,779.68. Following the completion of the transaction, the director owned 6,021 shares of the company’s stock, valued at $1,763,430.48. This represents a 14.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cheng-Wei Wang sold 9,941 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $299.36, for a total transaction of $2,975,937.76. Following the transaction, the insider directly owned 29,506 shares of the company’s stock, valued at $8,832,916.16. This trade represents a 25.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,108 shares of company stock worth $4,808,799 in the last three months. 14.80% of the stock is owned by insiders.

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.