CW Advisors LLC Sells 8,598 Shares of Garmin Ltd. $GRMN

CW Advisors LLC decreased its position in Garmin Ltd. (NYSE:GRMN) by 17.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,994 shares of the scientific and technical instruments company’s stock after selling 8,598 shares during the period. CW Advisors LLC’s holdings in Garmin were worth $8,348,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Andra AP fonden lifted its stake in Garmin by 87.2% in the second quarter. Andra AP fonden now owns 67,000 shares of the scientific and technical instruments company’s stock valued at $13,984,000 after acquiring an additional 31,200 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Garmin by 4.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 121,552 shares of the scientific and technical instruments company’s stock valued at $25,370,000 after purchasing an additional 4,943 shares during the period. EFG Asset Management Americas Corp. lifted its stake in Garmin by 34.1% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 10,455 shares of the scientific and technical instruments company’s stock valued at $2,182,000 after purchasing an additional 2,659 shares during the last quarter. Vanguard Group Inc. lifted its stake in Garmin by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 19,698,329 shares of the scientific and technical instruments company’s stock valued at $4,111,435,000 after purchasing an additional 1,273,163 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in Garmin by 121.2% during the second quarter. Jefferies Financial Group Inc. now owns 37,699 shares of the scientific and technical instruments company’s stock worth $7,869,000 after purchasing an additional 20,659 shares during the period. 81.60% of the stock is owned by institutional investors.

Garmin Trading Up 1.4%

NYSE GRMN opened at $202.18 on Friday. The company has a market cap of $38.89 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.26 and a beta of 1.01. The company has a 50 day moving average of $223.13 and a 200-day moving average of $221.98. Garmin Ltd. has a 1-year low of $169.26 and a 1-year high of $261.69.

Garmin (NYSE:GRMN) last posted its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, hitting analysts’ consensus estimates of $1.99. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.99 EPS. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS. On average, equities research analysts forecast that Garmin Ltd. will post 7.8 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on GRMN. Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a report on Wednesday, October 8th. Tigress Financial upped their price objective on shares of Garmin from $285.00 to $305.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 30th. Barclays raised their target price on shares of Garmin from $167.00 to $208.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley upped their price target on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $241.60.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.