Groupama Asset Managment Boosts Holdings in Garmin Ltd. $GRMN

Groupama Asset Managment boosted its stake in shares of Garmin Ltd. (NYSE:GRMN) by 139.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,873 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,841 shares during the period. Groupama Asset Managment’s holdings in Garmin were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Groupe la Francaise boosted its stake in shares of Garmin by 346.4% in the first quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 97 shares during the last quarter. Reflection Asset Management purchased a new position in Garmin during the fourth quarter valued at approximately $32,000. Atlas Capital Advisors Inc. acquired a new position in Garmin in the fourth quarter valued at approximately $34,000. Archer Investment Corp purchased a new stake in Garmin in the 1st quarter worth approximately $37,000. Finally, GraniteShares Advisors LLC purchased a new stake in Garmin in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q2 beat and higher guidance: Garmin reported adjusted earnings of $2.81 per share, exceeding expectations of $2.30, while revenue increased 11.4% year over year to $2.02 billion. Growth was supported by strong demand for fitness products and advanced wearables. The company also raised its fiscal 2026 outlook, citing stronger margins and demand. Garmin Tops Q2 Earnings Estimates on Fitness Growth, Ups FY26 Guidance
• Positive Sentiment: Momentum and breakout: Coverage highlighted Garmin’s earnings-driven breakout and its ability to deliver growth despite a premium valuation. The stock reached a new 52-week high following the earnings beat, indicating continued investor confidence in its product portfolio and operating performance. Garmin Stock Breaks Out On Second-Quarter Beat, Raised Outlook
• Neutral Sentiment: Valuation debate: Analysts and financial commentary are weighing Garmin’s strong growth against a share price that may already reflect much of the improvement. This could make additional gains more dependent on continued earnings beats and guidance increases. Garmin Beats On Strong Demand, Is The Stock Now 12% Overvalued?
• Negative Sentiment: Insider selling: CEO Clifton Pemble, Vice President Joshua Maxfield and Director Sean Biddlecombe sold Garmin shares worth approximately $1.21 million, $335,000 and $289,000, respectively. Each retained a substantial position, but the cluster of sales can create a modest sentiment headwind.
• Negative Sentiment: Limited analyst upside: Morgan Stanley raised its price target to $289 from $249 but maintained an “equal weight” rating. The new target remains below the recent trading level, signaling that the firm views much of Garmin’s earnings optimism as already reflected in the stock.

Insider Buying and Selling at Garmin

In other news, CEO Clifton A. Pemble sold 4,029 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $300.00, for a total transaction of $1,208,700.00. Following the completion of the sale, the chief executive officer owned 120,127 shares of the company’s stock, valued at $36,038,100. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas G. Boessen sold 2,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $237.91, for a total transaction of $475,820.00. Following the transaction, the chief financial officer owned 26,049 shares of the company’s stock, valued at approximately $6,197,317.59. This trade represents a 7.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,810 shares of company stock valued at $2,478,157. Insiders own 14.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a report on Monday, June 8th. Wall Street Zen downgraded shares of Garmin from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Barclays raised their price target on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $289.20.

Garmin Price Performance

Shares of GRMN stock opened at $295.17 on Friday. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 3.38 and a beta of 0.90. The stock has a 50 day simple moving average of $243.03 and a 200-day simple moving average of $237.09. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $304.00.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.51. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.93 billion. Garmin had a return on equity of 20.95% and a net margin of 24.47%.The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 EPS. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. Analysts anticipate that Garmin Ltd. will post 10.1 earnings per share for the current fiscal year.

Garmin Profile

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.