Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Garmin Ltd. $GRMN

Key Points

• Universal Beteiligungs boosted its Garmin stake by 15.1% in Q4 to 144,245 shares (about $29.39M), while institutional investors now own roughly 81.6% of the stock.
• Garmin beat quarterly expectations with EPS $2.79 (vs. $2.39 est.) and revenue of $2.12B (up 16.6% YoY), and set FY2026 guidance at EPS 9.35 versus analysts' ~9.41 forecast.
• The company declared a quarterly dividend of $1.05 (annualized $4.20, ~1.6% yield), while insiders have sold about 40,725 shares in the past 90 days, leaving insiders owning 15.38% of the company.

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,245 shares of the scientific and technical instruments company's stock after purchasing an additional 18,895 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Garmin worth $29,394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mather Group LLC. increased its holdings in Garmin by 1.2% during the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company's stock worth $923,000 after purchasing an additional 44 shares during the last quarter. BSW Wealth Partners increased its holdings in shares of Garmin by 2.9% in the 3rd quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company's stock valued at $425,000 after acquiring an additional 48 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of Garmin by 0.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company's stock valued at $1,382,000 after acquiring an additional 48 shares during the last quarter. SYM FINANCIAL Corp increased its holdings in shares of Garmin by 4.0% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company's stock valued at $319,000 after acquiring an additional 50 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its holdings in shares of Garmin by 0.6% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 9,314 shares of the scientific and technical instruments company's stock valued at $2,293,000 after acquiring an additional 51 shares during the last quarter. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Garmin Price Performance

Shares of GRMN opened at $260.88 on Friday. The company has a market cap of $50.21 billion, a P/E ratio of 30.34, a PEG ratio of 3.19 and a beta of 0.96. The stock has a fifty day moving average price of $244.50 and a 200 day moving average price of $223.48. Garmin Ltd. has a 12 month low of $178.74 and a 12 month high of $273.32.

Garmin (NYSE:GRMN - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, research analysts anticipate that Garmin Ltd. will post 9.41 earnings per share for the current year.

Garmin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 annualized dividend and a dividend yield of 1.6%. Garmin's dividend payout ratio is presently 41.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GRMN shares. JPMorgan Chase & Co. boosted their price target on Garmin from $265.00 to $285.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Barclays set a $240.00 price target on Garmin in a report on Thursday, February 19th. Tigress Financial boosted their price target on Garmin from $310.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, February 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Garmin in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Garmin from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Garmin currently has a consensus rating of "Moderate Buy" and an average target price of $258.00.

Insider Buying and Selling

In other news, CFO Douglas G. Boessen sold 3,487 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the completion of the transaction, the chief financial officer owned 28,049 shares of the company's stock, valued at approximately $7,058,811.34. This represents a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Susan Lyman sold 3,805 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.32, for a total value of $956,272.60. Following the completion of the transaction, the vice president directly owned 7,471 shares of the company's stock, valued at approximately $1,877,611.72. The trade was a 33.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,725 shares of company stock valued at $10,213,222. Company insiders own 15.38% of the company's stock.

Garmin Company Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin's products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin's product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.

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