Eurizon SLJ Capital Ltd Acquires Shares of 8,445 Garmin Ltd. $GRMN

Eurizon SLJ Capital Ltd acquired a new stake in Garmin Ltd. (NYSE:GRMN) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 8,445 shares of the scientific and technical instruments company’s stock, valued at approximately $1,713,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Garmin by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock valued at $4,973,044,000 after purchasing an additional 499,235 shares during the last quarter. State Street Corp raised its position in Garmin by 1.8% in the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock valued at $1,785,304,000 after purchasing an additional 126,677 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Garmin by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,494,519 shares of the scientific and technical instruments company’s stock valued at $367,964,000 after purchasing an additional 16,622 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in Garmin by 0.4% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company’s stock valued at $296,250,000 after purchasing an additional 5,213 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Garmin by 15.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,348,955 shares of the scientific and technical instruments company’s stock valued at $330,373,000 after purchasing an additional 182,548 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Performance

NYSE GRMN opened at $234.00 on Friday. The stock has a fifty day moving average of $244.55 and a 200-day moving average of $223.74. The stock has a market capitalization of $45.13 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. Garmin Ltd. has a 52 week low of $186.67 and a 52 week 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, beating the consensus estimate of $1.84 by $0.24. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $1.61 EPS. 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. Equities research analysts forecast that Garmin Ltd. will post 9.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Garmin Company 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.