Garmin Ltd. (NYSE:GRMN) Stock Holdings Lifted by Fiera Capital Corp

Fiera Capital Corp increased its stake in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 41.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,477 shares of the scientific and technical instruments company's stock after buying an additional 5,127 shares during the period. Fiera Capital Corp's holdings in Garmin were worth $3,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GRMN. Brighton Jones LLC raised its position in shares of Garmin by 31.3% in the 4th quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company's stock valued at $401,000 after acquiring an additional 463 shares during the period. American Century Companies Inc. raised its holdings in shares of Garmin by 4.9% in the fourth quarter. American Century Companies Inc. now owns 60,280 shares of the scientific and technical instruments company's stock valued at $12,433,000 after purchasing an additional 2,841 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Garmin by 6.1% in the 4th quarter. Blair William & Co. IL now owns 4,821 shares of the scientific and technical instruments company's stock valued at $994,000 after acquiring an additional 279 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Garmin by 11.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 8,707 shares of the scientific and technical instruments company's stock worth $1,796,000 after purchasing an additional 907 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Garmin by 229.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,203 shares of the scientific and technical instruments company's stock worth $4,992,000 after purchasing an additional 16,850 shares during the last quarter. Institutional investors own 81.60% of the company's stock.

Insider Activity

In other Garmin news, CEO Clifton A. Pemble sold 7,899 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $203.25, for a total value of $1,605,471.75. Following the transaction, the chief executive officer owned 141,626 shares in the company, valued at approximately $28,785,484.50. This trade represents a 5.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Douglas G. Boessen sold 1,859 shares of Garmin stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $215.00, for a total transaction of $399,685.00. Following the sale, the chief financial officer owned 29,146 shares of the company's stock, valued at approximately $6,266,390. This represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 19.54% of the company's stock.

Garmin Stock Up 2.1%

GRMN traded up $4.68 during midday trading on Monday, reaching $223.41. The company had a trading volume of 247,249 shares, compared to its average volume of 952,955. Garmin Ltd. has a 1 year low of $160.71 and a 1 year high of $246.50. The company has a market cap of $43.00 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.43 and a beta of 0.99. The business has a 50-day moving average of $212.65 and a two-hundred day moving average of $208.95.

Garmin (NYSE:GRMN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The scientific and technical instruments company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.27. Garmin had a net margin of 23.21% and a return on equity of 20.00%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts predict that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.6%. Garmin's payout ratio is currently 44.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Garmin from $215.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Morgan Stanley lifted their price target on Garmin from $172.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Barclays reaffirmed an "underweight" rating and set a $167.00 target price (up previously from $152.00) on shares of Garmin in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Garmin currently has a consensus rating of "Hold" and an average target price of $222.00.

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.