Legal & General Group Plc Has $235.33 Million Holdings in Garmin Ltd. $GRMN

Legal & General Group Plc trimmed its stake in shares of Garmin Ltd. (NYSE:GRMN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,160,116 shares of the scientific and technical instruments company’s stock after selling 20,138 shares during the period. Legal & General Group Plc owned approximately 0.60% of Garmin worth $235,330,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Daymark Wealth Partners LLC lifted its position in shares of Garmin by 0.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock worth $1,382,000 after purchasing an additional 48 shares in the last quarter. SYM FINANCIAL Corp lifted its position in shares of Garmin by 4.0% during the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock worth $319,000 after purchasing an additional 50 shares in the last quarter. S.A. Mason LLC lifted its position in shares of Garmin by 2.4% during the fourth quarter. S.A. Mason LLC now owns 2,150 shares of the scientific and technical instruments company’s stock worth $436,000 after purchasing an additional 50 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Garmin by 1.0% during the third quarter. Quadrant Capital Group LLC now owns 4,917 shares of the scientific and technical instruments company’s stock worth $1,211,000 after purchasing an additional 51 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Garmin by 0.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 7,724 shares of the scientific and technical instruments company’s stock worth $1,902,000 after purchasing an additional 53 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Garmin Stock Performance

Shares of GRMN stock opened at $238.28 on Thursday. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $273.32. The stock has a market cap of $45.95 billion, a PE ratio of 26.56, a PEG ratio of 2.81 and a beta of 0.94. The firm’s 50 day moving average price is $244.48 and its two-hundred day moving average price is $223.42.

Garmin (NYSE:GRMN) last announced its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, sell-side analysts predict that Garmin Ltd. will post 9.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GRMN shares. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Tigress Financial lifted their price target on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 20th. Barclays dropped their price target on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Morgan Stanley set a $249.00 price objective on shares of Garmin in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $269.40.

About Garmin

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.