Jupiter Asset Management Ltd. Acquires New Position in Garmin Ltd. (NYSE:GRMN)

Jupiter Asset Administration Ltd. acquired a brand new stake in Garmin Ltd. (NYSE:GRMN – Free Report) within the 2nd quarter, based on its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The fund acquired 49,909 shares of the scientific and technical devices firm’s inventory, valued at roughly $5,205,000.

A number of different hedge funds and different institutional traders have additionally lately purchased and offered shares of GRMN. American Century Firms Inc. grew its holdings in shares of Garmin by 9.6% through the first quarter. American Century Firms Inc. now owns 9,116 shares of the scientific and technical devices firm’s inventory valued at $1,081,000 after buying a further 798 shares over the past quarter. Non-public Advisor Group LLC raised its holdings in Garmin by 17.5% through the 1st quarter. Non-public Advisor Group LLC now owns 2,831 shares of the scientific and technical devices firm’s inventory price $336,000 after shopping for a further 422 shares through the interval. Commonwealth of Pennsylvania Public College Empls Retrmt SYS raised its holdings in Garmin by 6.6% through the 1st quarter. Commonwealth of Pennsylvania Public College Empls Retrmt SYS now owns 20,329 shares of the scientific and technical devices firm’s inventory price $2,411,000 after shopping for a further 1,259 shares through the interval. Dimensional Fund Advisors LP elevated its holdings in shares of Garmin by 0.8% within the 1st quarter. Dimensional Fund Advisors LP now owns 1,475,149 shares of the scientific and technical devices firm’s inventory valued at $174,989,000 after buying a further 11,011 shares through the interval. Lastly, Sei Investments Co. elevated its holdings in shares of Garmin by 378.8% within the 1st quarter. Sei Investments Co. now owns 37,785 shares of the scientific and technical devices firm’s inventory valued at $4,414,000 after buying a further 29,893 shares through the interval. 63.26% of the inventory is owned by institutional traders.

Garmin Value Efficiency

Shares of NYSE:GRMN opened at $119.51 on Friday. Garmin Ltd. has a one 12 months low of $89.00 and a one 12 months excessive of $120.25. The corporate has a 50 day shifting common of $107.93 and a 200-day shifting common of $105.84. The inventory has a market cap of $22.87 billion, a price-to-earnings ratio of twenty-two.05, a P/E/G ratio of 4.02 and a beta of 0.90.

Garmin (NYSE:GRMN – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, November 1st. The scientific and technical devices firm reported $1.41 EPS for the quarter, topping the consensus estimate of $1.29 by $0.12. The corporate had income of $1.28 billion through the quarter, in comparison with analysts’ expectations of $1.21 billion. Garmin had a internet margin of 20.60% and a return on fairness of 16.00%. Garmin’s income was up 12.0% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate earned $1.24 EPS. Equities analysis analysts anticipate that Garmin Ltd. will submit 5.28 earnings per share for the present 12 months.

Wall Road Analyst Weigh In

GRMN has been the subject of plenty of analysis studies. Financial institution of America elevated their worth goal on Garmin from $110.00 to $120.00 and gave the inventory a “impartial” score in a report on Tuesday, August eighth. Barclays elevated their worth goal on Garmin from $113.00 to $119.00 and gave the inventory an “equal weight” score in a report on Thursday, November 2nd. StockNews.com initiated protection on Garmin in a report on Thursday, October fifth. They issued a “maintain” score on the inventory. JPMorgan Chase & Co. elevated their worth goal on Garmin from $118.00 to $135.00 and gave the inventory an “chubby” score in a report on Thursday, November 2nd. Lastly, Tigress Monetary restated a “strong-buy” score and issued a $165.00 worth goal on shares of Garmin in a report on Thursday, August tenth. 5 funding analysts have rated the inventory with a maintain score, one has given a purchase score and one has issued a robust purchase score to the inventory. Primarily based on knowledge from MarketBeat, the corporate at the moment has a consensus score of “Maintain” and a consensus worth goal of $127.80.

View Our Newest Inventory Report on GRMN

Insider Exercise at Garmin

In associated information, CEO Clifton A. Pemble offered 5,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November fifteenth. The shares had been offered at a mean worth of $120.00, for a complete transaction of $600,000.00. Following the completion of the transaction, the chief govt officer now owns 115,629 shares within the firm, valued at $13,875,480. The sale was disclosed in a submitting with the SEC, which may be accessed by way of the SEC web site. In different Garmin information, insider Cheng-Wei Wang offered 4,794 shares of Garmin inventory in a transaction dated Tuesday, September fifth. The inventory was offered at a mean worth of $105.62, for a complete worth of $506,342.28. Following the sale, the insider now owns 44,808 shares of the corporate’s inventory, valued at roughly $4,732,620.96. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of the SEC web site. Additionally, CEO Clifton A. Pemble offered 5,000 shares of Garmin inventory in a transaction dated Wednesday, November fifteenth. The shares had been offered at a mean worth of $120.00, for a complete worth of $600,000.00. Following the completion of the sale, the chief govt officer now immediately owns 115,629 shares within the firm, valued at roughly $13,875,480. The disclosure for this sale may be discovered right here. Company insiders personal 19.89% of the corporate’s inventory.

Garmin Profile

(Free Report)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a spread of wi-fi units within the Americas, the Asia Pacific, Australian Continent, Europe, the Center East, and Africa. Its Health phase gives operating and multi-sport watches; biking merchandise; exercise monitoring and smartwatch units; health and biking equipment.

Learn Extra

Need to see what different hedge funds are holding GRMN? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Garmin Ltd. (NYSE:GRMN – Free Report).

Institutional Ownership by Quarter for Garmin (NYSE:GRMN)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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