Garmin Ltd. (NYSE:GRMN) Stock Holdings Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in Garmin Ltd. (NYSE:GRMN - Free Report) by 14.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 385,781 shares of the scientific and technical instruments company's stock after selling 67,253 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.20% of Garmin worth $83,765,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its stake in Garmin by 864.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 135 shares of the scientific and technical instruments company's stock worth $28,000 after acquiring an additional 121 shares in the last quarter. Garde Capital Inc. acquired a new stake in Garmin in the first quarter valued at approximately $40,000. Investment Management Corp VA ADV acquired a new stake in Garmin in the fourth quarter valued at approximately $46,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Garmin during the fourth quarter worth $47,000. Finally, Larson Financial Group LLC lifted its stake in shares of Garmin by 26.8% during the fourth quarter. Larson Financial Group LLC now owns 241 shares of the scientific and technical instruments company's stock worth $50,000 after buying an additional 51 shares during the period. Institutional investors own 81.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Garmin from $220.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Morgan Stanley upped their price objective on shares of Garmin from $159.00 to $172.00 and gave the company an "underweight" rating in a research note on Thursday, May 1st. Finally, Barclays decreased their target price on shares of Garmin from $188.00 to $152.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $206.00.

Garmin Stock Up 0.2%

NYSE:GRMN traded up $0.35 during trading hours on Monday, reaching $208.71. 1,212,393 shares of the company's stock were exchanged, compared to its average volume of 905,057. The firm has a market capitalization of $40.19 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.34 and a beta of 0.98. The company has a 50-day moving average of $200.50 and a 200 day moving average of $206.84. Garmin Ltd. has a 1-year low of $158.90 and a 1-year high of $246.50.

Garmin (NYSE:GRMN - Get Free Report) last released its earnings results on Wednesday, April 30th. The scientific and technical instruments company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.01). Garmin had a return on equity of 19.21% and a net margin of 22.76%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.42 EPS. The firm's revenue was up 11.1% on a year-over-year basis. Research analysts forecast that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 16th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.72%. Garmin's dividend payout ratio (DPR) is presently 47.37%.

Insider Transactions at Garmin

In related news, CEO Clifton A. Pemble sold 7,899 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $203.25, for a total value of $1,605,471.75. Following the completion of the sale, the chief executive officer directly owned 141,626 shares in the company, valued at approximately $28,785,484.50. The trade was a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 19.54% of the company's stock.

Garmin 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.