250 Shares in Garmin Ltd. (NYSE:GRMN) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC bought a new stake in Garmin Ltd. (NYSE:GRMN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 250 shares of the scientific and technical instruments company’s stock, valued at approximately $52,000.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Garmin in the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in Garmin by 578.6% in the 3rd quarter. Larson Financial Group LLC now owns 190 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 162 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Garmin during the third quarter worth approximately $39,000. Capital Performance Advisors LLP bought a new stake in Garmin during the third quarter worth approximately $59,000. Finally, Versant Capital Management Inc grew its holdings in Garmin by 78.0% during the fourth quarter. Versant Capital Management Inc now owns 493 shares of the scientific and technical instruments company’s stock valued at $102,000 after purchasing an additional 216 shares during the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GRMN. Tigress Financial boosted their price objective on shares of Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Barclays upped their price target on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Garmin currently has a consensus rating of “Hold” and a consensus target price of $171.00.

Insider Buying and Selling

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the sale, the chief financial officer now owns 27,612 shares in the company, valued at $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 19.54% of the stock is owned by company insiders.

Garmin Price Performance

Shares of Garmin stock opened at $218.71 on Thursday. The firm has a fifty day moving average price of $212.74 and a two-hundred day moving average price of $191.63. Garmin Ltd. has a fifty-two week low of $120.06 and a fifty-two week high of $222.97. The company has a market cap of $42.00 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98.

Garmin Company 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.