New York State Teachers Retirement System Sells 313 Shares of Garmin Ltd. (NYSE:GRMN)

New York State Teachers Retirement System decreased its holdings in Garmin Ltd. (NYSE:GRMN) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,639 shares of the scientific and technical instruments company’s stock after selling 313 shares during the quarter. New York State Teachers Retirement System’s holdings in Garmin were worth $24,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in GRMN. Geneos Wealth Management Inc. lifted its position in shares of Garmin by 1.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company’s stock worth $591,000 after purchasing an additional 49 shares during the period. Curbstone Financial Management Corp raised its stake in Garmin by 1.3% in the fourth quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company’s stock worth $802,000 after buying an additional 50 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Garmin by 1.4% in the fourth quarter. HB Wealth Management LLC now owns 3,821 shares of the scientific and technical instruments company’s stock worth $788,000 after buying an additional 53 shares during the period. Outlook Wealth Advisors LLC boosted its position in Garmin by 2.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $481,000 after acquiring an additional 58 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Garmin by 8.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 804 shares of the scientific and technical instruments company’s stock worth $166,000 after acquiring an additional 63 shares during the period. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Performance

NYSE:GRMN opened at $212.37 on Friday. The stock has a 50-day simple moving average of $212.77 and a two-hundred day simple moving average of $193.72. Garmin Ltd. has a 52-week low of $121.20 and a 52-week high of $223.33. The firm has a market capitalization of $40.78 billion, a PE ratio of 26.95, a P/E/G ratio of 1.33 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Tigress Financial lifted their price target on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Barclays boosted their target price on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Garmin has an average rating of “Hold” and an average target price of $171.00.

Insider Activity at Garmin

In related news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the transaction, the chief financial officer now owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 19.54% of the stock is currently owned by corporate insiders.

Garmin 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.