Garmin Ltd. $GRMN Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in Garmin Ltd. (NYSE:GRMN) by 13.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,146 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,273 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Garmin were worth $8,154,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Reflection Asset Management acquired a new stake in Garmin in the fourth quarter worth about $32,000. Atlas Capital Advisors Inc. acquired a new position in Garmin during the 4th quarter valued at about $34,000. Torren Management LLC bought a new stake in shares of Garmin during the 4th quarter worth about $41,000. GraniteShares Advisors LLC acquired a new stake in shares of Garmin in the 4th quarter worth approximately $41,000. Finally, SHP Wealth Management acquired a new stake in shares of Garmin in the 4th quarter worth approximately $44,000. 81.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GRMN has been the topic of a number of research analyst reports. 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. Tigress Financial upped their target price on Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered Garmin from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays decreased their price target on Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Zacks Research downgraded Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $269.40.

Insider Buying and Selling at Garmin

In other news, Director Joseph J. Hartnett sold 643 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total transaction of $169,475.51. Following the completion of the sale, the director directly owned 21,277 shares of the company’s stock, valued at $5,607,978.89. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Douglas G. Boessen sold 2,000 shares of Garmin stock in a transaction on Friday, June 5th. The stock was sold at an average price of $237.91, for a total value of $475,820.00. Following the completion of the transaction, the chief financial officer owned 26,049 shares in the company, valued at $6,197,317.59. The trade was a 7.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.38% of the stock is currently owned by corporate insiders.

Garmin Trading Up 0.0%

NYSE:GRMN opened at $240.03 on Friday. The company has a 50-day moving average of $238.95 and a 200-day moving average of $230.61. The firm has a market cap of $46.29 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.84 and a beta of 0.90. Garmin Ltd. has a twelve month low of $186.67 and a twelve month high of $273.32.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, research analysts forecast that Garmin Ltd. will post 9.53 earnings per share for the current year.

Garmin Profile

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.