Garmin Ltd. $GRMN Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Garmin Ltd. (NYSE:GRMN - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 474,058 shares of the scientific and technical instruments company's stock after purchasing an additional 39,077 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.25% of Garmin worth $135,979,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Garmin by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,631,843 shares of the scientific and technical instruments company's stock worth $378,540,000 after buying an additional 40,474 shares during the period. Bank of America Corp DE grew its holdings in Garmin by 73.8% in the 1st quarter. Bank of America Corp DE now owns 1,295,199 shares of the scientific and technical instruments company's stock worth $300,499,000 after buying an additional 549,954 shares in the last quarter. Amundi increased its position in Garmin by 82.5% in the 1st quarter. Amundi now owns 1,017,314 shares of the scientific and technical instruments company's stock valued at $236,027,000 after acquiring an additional 459,980 shares during the period. Swiss National Bank raised its stake in Garmin by 7.0% during the 1st quarter. Swiss National Bank now owns 479,800 shares of the scientific and technical instruments company's stock valued at $111,318,000 after acquiring an additional 31,400 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Garmin by 2.7% during the 1st quarter. Royal Bank of Canada now owns 400,031 shares of the scientific and technical instruments company's stock valued at $92,811,000 after acquiring an additional 10,638 shares in the last quarter. Institutional investors and hedge funds own 81.60% of the company's stock.

Insider Buying and Selling

In other Garmin news, insider Cheng-Wei Wang sold 9,941 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $299.36, for a total transaction of $2,975,937.76. Following the transaction, the insider owned 29,506 shares in the company, valued at $8,832,916.16. This trade represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sean Biddlecombe sold 986 shares of Garmin stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $292.88, for a total transaction of $288,779.68. Following the completion of the transaction, the director directly owned 6,021 shares in the company, valued at approximately $1,763,430.48. This represents a 14.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,108 shares of company stock valued at $4,808,799 in the last quarter. Company insiders own 14.80% of the company's stock.

Trending Headlines about Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Garmin introduced the premium Edge 1060 cycling computer with hands-free voice controls for workout data, navigation and messaging. The launch expands Garmin’s higher-end cycling ecosystem and could support product demand. New Garmin Edge 1060 cycling computer gives cyclists hands-free voice control
• Positive Sentiment: The company also unveiled the Edge Explore 3 and Edge Explore 3 Plus cycling computers, adding maps, ride data, alerts and onboard audio features aimed at recreational cyclists. Garmin Edge Explore 3 cycling computers
• Positive Sentiment: Garmin launched the Tacx Nēra indoor smart trainer, featuring multidirectional movement and power and cadence accuracy within 1%. The product broadens Garmin’s connected fitness offerings and strengthens its position in indoor cycling. Garmin unveils Tacx Nēra
• Neutral Sentiment: Garmin is scheduled to report quarterly earnings on Wednesday. Analysts are looking for approximately $2.73 in quarterly EPS and $10.08 for the full year, making the report a near-term volatility catalyst. Garmin set to release quarterly earnings
• Neutral Sentiment: A comparison with Daktronics characterized Garmin as a value-investing candidate, but the analysis does not represent a new earnings or guidance change. Zacks Research maintains a Hold rating, with full-year EPS projected at $10.08. DAKT or GRMN value comparison
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Garmin on October 16, creating modest technical or flow-related pressure despite the stock’s broader upward momentum. ETFs are net sellers of Garmin

Garmin Price Performance

Shares of Garmin stock opened at $291.38 on Thursday. The firm has a market cap of $56.19 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 3.25 and a beta of 0.82. The stock has a 50-day simple moving average of $284.53 and a 200-day simple moving average of $262.59. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $314.28.

Garmin (NYSE:GRMN - Get Free Report) last posted its earnings results on Thursday, July 30th. The scientific and technical instruments company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.30 by $0.51. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.93 billion. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.17 earnings per share. As a group, equities research analysts predict that Garmin Ltd. will post 10.08 earnings per share for the current year.

Wall Street Analyst Weigh In

GRMN has been the subject of a number of analyst reports. Tigress Financial reiterated a "strong-buy" rating on shares of Garmin in a research report on Thursday, August 6th. Barclays raised their price target on Garmin from $238.00 to $297.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. UBS Group set a $370.00 price target on shares of Garmin in a research report on Thursday, August 6th. KeyCorp restated a "sector weight" rating on shares of Garmin in a report on Wednesday, September 2nd. Finally, Arete Research initiated coverage on shares of Garmin in a research report on Wednesday, October 14th. They issued a "buy" rating and a $335.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Garmin presently has an average rating of "Moderate Buy" and a consensus price target of $313.71.

About Garmin

Garmin Ltd. NYSE: GRMN designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.

The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.

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