Realta Investment Advisors Has $981,000 Position in Garmin Ltd. (NYSE:GRMN)

Realta Investment Advisors raised its stake in Garmin Ltd. (NYSE:GRMN) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,735 shares of the scientific and technical instruments company’s stock after buying an additional 150 shares during the period. Realta Investment Advisors’ holdings in Garmin were worth $981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC raised its stake in shares of Garmin by 40.8% during the third quarter. FMR LLC now owns 3,775,154 shares of the scientific and technical instruments company’s stock valued at $664,540,000 after acquiring an additional 1,093,219 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in Garmin in the third quarter valued at $53,252,000. Jacobs Levy Equity Management Inc. raised its position in Garmin by 1,580.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 287,283 shares of the scientific and technical instruments company’s stock worth $50,570,000 after purchasing an additional 270,186 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Garmin by 123.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 486,281 shares of the scientific and technical instruments company’s stock worth $85,600,000 after buying an additional 268,996 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Garmin in the 3rd quarter valued at about $45,501,000. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Performance

Shares of GRMN stock opened at $219.77 on Friday. Garmin Ltd. has a fifty-two week low of $120.06 and a fifty-two week high of $222.97. The stock has a 50 day simple moving average of $212.87 and a two-hundred day simple moving average of $191.82. The company has a market cap of $42.20 billion, a P/E ratio of 27.89, a PEG ratio of 1.30 and a beta of 0.98.

Insider Transactions at Garmin

In other news, CFO Douglas G. Boessen sold 1,761 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $207.99, for a total value of $366,270.39. Following the completion of the sale, the chief financial officer now directly owns 27,612 shares in the company, valued at $5,743,019.88. This trade represents a 6.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 19.54% of the company’s stock.

Wall Street Analyst Weigh In

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

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.