Kestra Private Wealth Services LLC Purchases 291 Shares of Garmin Ltd. (NYSE:GRMN)

Kestra Private Wealth Services LLC grew its position in Garmin Ltd. (NYSE:GRMN) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,212 shares of the scientific and technical instruments company’s stock after purchasing an additional 291 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Garmin were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in Garmin by 1.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company’s stock worth $591,000 after buying an additional 49 shares during the last quarter. Curbstone Financial Management Corp grew its stake in shares of Garmin by 1.3% in the fourth quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company’s stock worth $802,000 after acquiring an additional 50 shares during the period. HB Wealth Management LLC raised its holdings in shares of Garmin by 1.4% during the fourth quarter. HB Wealth Management LLC now owns 3,821 shares of the scientific and technical instruments company’s stock valued at $788,000 after purchasing an additional 53 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in Garmin by 2.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $481,000 after purchasing an additional 58 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its holdings in Garmin by 0.9% in the third quarter. Sumitomo Life Insurance Co. now owns 6,686 shares of the scientific and technical instruments company’s stock worth $1,177,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Insider Activity at Garmin

In related news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the transaction, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.54% of the stock is currently owned by corporate insiders.

Garmin Stock Down 0.9 %

NYSE:GRMN opened at $209.57 on Thursday. The stock has a market capitalization of $40.24 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98. The stock’s 50-day moving average price is $213.14 and its 200-day moving average price is $193.14. Garmin Ltd. has a 52 week low of $120.06 and a 52 week high of $223.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GRMN shares. Barclays upped their price target on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Tigress Financial boosted their target price 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 given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Garmin has an average rating of “Hold” and an average price target of $171.00.

About Garmin

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.