Savant Capital LLC Sells 17,281 Shares of Garmin Ltd. $GRMN

Savant Capital LLC lowered its stake in shares of Garmin Ltd. (NYSE:GRMN) by 81.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,965 shares of the scientific and technical instruments company’s stock after selling 17,281 shares during the quarter. Savant Capital LLC’s holdings in Garmin were worth $804,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GRMN. Brighton Jones LLC lifted its stake in Garmin by 31.3% during the 4th quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock valued at $401,000 after acquiring an additional 463 shares during the period. NewEdge Advisors LLC lifted its stake in Garmin by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock valued at $1,278,000 after acquiring an additional 345 shares during the period. Woodline Partners LP lifted its stake in Garmin by 40.6% during the 1st quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after acquiring an additional 3,757 shares during the period. Focus Partners Wealth lifted its stake in Garmin by 51.1% during the 1st quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after acquiring an additional 2,304 shares during the period. Finally, Sivia Capital Partners LLC lifted its stake in shares of Garmin by 17.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock worth $347,000 after purchasing an additional 242 shares during the period. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Up 1.7%

Shares of NYSE:GRMN opened at $240.84 on Wednesday. Garmin Ltd. has a twelve month low of $186.67 and a twelve month high of $273.32. The stock has a market capitalization of $46.45 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.91. The firm’s 50 day moving average price is $244.60 and its 200-day moving average price is $224.15.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $1.61 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Analysts expect that Garmin Ltd. will post 9.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GRMN. Tigress Financial increased their price objective on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 20th. Morgan Stanley set a $249.00 price objective on shares of Garmin in a research note on Thursday, April 30th. Zacks Research cut shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays lowered their price objective on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $269.40.

Garmin Company 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.