192,709 Shares in Garmin Ltd. (NYSE:GRMN) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Garmin Ltd. (NYSE:GRMN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 192,709 shares of the scientific and technical instruments company's stock, valued at approximately $39,748,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Garmin as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in Garmin by 31.3% during the fourth quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company's stock valued at $401,000 after purchasing an additional 463 shares during the period. Geneos Wealth Management Inc. raised its position in Garmin by 1.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company's stock valued at $591,000 after purchasing an additional 49 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Garmin by 64.6% in the fourth quarter. Blue Trust Inc. now owns 2,171 shares of the scientific and technical instruments company's stock worth $448,000 after buying an additional 852 shares during the period. BankPlus Wealth Management LLC purchased a new position in shares of Garmin in the fourth quarter worth about $668,000. Finally, 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 purchasing an additional 50 shares during the last quarter. Institutional investors own 81.60% of the company's stock.

Insider Buying and Selling at Garmin

In other news, VP Susan Lyman sold 2,829 shares of Garmin stock in a transaction on Monday, March 10th. The shares were sold at an average price of $215.51, for a total transaction of $609,677.79. Following the completion of the sale, the vice president now directly owns 8,432 shares in the company, valued at approximately $1,817,180.32. The trade was a 25.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.38% of the stock is owned by insiders.

Garmin Stock Down 0.1%

Garmin stock traded down $0.11 during midday trading on Friday, reaching $202.73. The stock had a trading volume of 2,404,248 shares, compared to its average volume of 884,076. Garmin Ltd. has a 52-week low of $158.38 and a 52-week high of $246.50. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 1.36 and a beta of 0.99. The company has a fifty day moving average of $196.54 and a 200 day moving average of $208.16.

Garmin (NYSE:GRMN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The scientific and technical instruments company reported $1.61 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.01). The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $1.42 earnings per share. Equities research analysts predict that Garmin Ltd. will post 7.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GRMN shares. Barclays cut their target price on Garmin from $188.00 to $152.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Garmin from $220.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley lifted their price objective on Garmin from $159.00 to $172.00 and gave the company an "underweight" rating in a research report on Thursday, May 1st. Finally, Tigress Financial lifted their price objective on Garmin from $265.00 to $285.00 and gave the company a "strong-buy" rating in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $206.00.

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.