Cozad Asset Management Inc. Has $3.92 Million Holdings in Garmin Ltd. $GRMN

Cozad Asset Management Inc. lessened its holdings in Garmin Ltd. (NYSE:GRMN) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,776 shares of the scientific and technical instruments company’s stock after selling 1,584 shares during the quarter. Cozad Asset Management Inc.’s holdings in Garmin were worth $3,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quaker Wealth Management LLC boosted its stake in Garmin by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 264 shares during the last quarter. Groupe la Francaise acquired a new position in shares of Garmin in the 1st quarter valued at $33,000. Zions Bancorporation National Association UT acquired a new position in shares of Garmin in the 1st quarter valued at $38,000. Harbour Investments Inc. boosted its position in shares of Garmin by 31.8% in the 1st quarter. Harbour Investments Inc. now owns 265 shares of the scientific and technical instruments company’s stock worth $58,000 after purchasing an additional 64 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in shares of Garmin by 27.5% during the second quarter. SOA Wealth Advisors LLC. now owns 269 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 58 shares during the period. 81.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research note on Wednesday, October 8th. Tigress Financial upped their price target on Garmin from $285.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 30th. Barclays lifted their price objective 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 boosted their price objective on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $239.50.

Garmin Price Performance

NYSE:GRMN opened at $192.21 on Friday. The business’s 50-day simple moving average is $230.30 and its 200-day simple moving average is $221.96. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69. The stock has a market capitalization of $36.97 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01.

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

Insider Activity at Garmin

In related news, insider Cheng-Wei Wang sold 10,202 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $232.48, for a total value of $2,371,760.96. Following the sale, the insider directly owned 36,092 shares of the company’s stock, valued at approximately $8,390,668.16. The trade was a 22.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.38% of the stock is currently owned by 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.