Aptus Capital Advisors LLC Purchases Shares of 2,055 Garmin Ltd. (NYSE:GRMN)

Aptus Capital Advisors LLC purchased a new position in Garmin Ltd. (NYSE:GRMNFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,055 shares of the scientific and technical instruments company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently added to or reduced their stakes in GRMN. Avior Wealth Management LLC boosted its stake in Garmin by 169.5% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 178 shares during the last quarter. Clear Street Markets LLC raised its holdings in shares of Garmin by 107.1% during the first quarter. Clear Street Markets LLC now owns 321 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 166 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Garmin during the fourth quarter worth $53,000. Resurgent Financial Advisors LLC acquired a new stake in Garmin in the 4th quarter valued at $54,000. Finally, NBC Securities Inc. acquired a new stake in Garmin in the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO Clifton A. Pemble sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $120.00, for a total value of $600,000.00. Following the transaction, the chief executive officer now owns 115,629 shares in the company, valued at approximately $13,875,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Clifton A. Pemble sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $120.00, for a total value of $600,000.00. Following the transaction, the chief executive officer now owns 115,629 shares in the company, valued at approximately $13,875,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Clifton A. Pemble sold 1,095 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $125.89, for a total transaction of $137,849.55. Following the completion of the transaction, the chief executive officer now owns 130,365 shares in the company, valued at approximately $16,411,649.85. The disclosure for this sale can be found here. 19.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GRMN has been the topic of several recent research reports. Barclays lifted their price target on shares of Garmin from $113.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Morgan Stanley lowered their price target on shares of Garmin from $103.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. StockNews.com raised shares of Garmin from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. downgraded shares of Garmin from an “overweight” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Garmin has a consensus rating of “Hold” and an average target price of $127.80.

Get Our Latest Research Report on GRMN

Garmin Price Performance

Shares of GRMN opened at $123.62 on Tuesday. The firm has a 50-day moving average of $124.72 and a 200-day moving average of $114.10. Garmin Ltd. has a one year low of $93.22 and a one year high of $129.32. The company has a market cap of $23.65 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 4.02 and a beta of 0.97.

About Garmin

(Free Report)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; fitness and cycling accessories.

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Institutional Ownership by Quarter for Garmin (NYSE:GRMN)

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