4,273 Shares in Garmin Ltd. (NYSE:GRMN) Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated purchased a new stake in Garmin Ltd. (NYSE:GRMN - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 4,273 shares of the scientific and technical instruments company's stock, valued at approximately $743,000.

Other hedge funds have also bought and sold shares of the company. Select Equity Group L.P. boosted its position in shares of Garmin by 0.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,006,563 shares of the scientific and technical instruments company's stock valued at $326,909,000 after acquiring an additional 11,666 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Garmin by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,735,623 shares of the scientific and technical instruments company's stock worth $282,761,000 after buying an additional 13,968 shares in the last quarter. Boston Partners grew its stake in shares of Garmin by 4.3% in the 1st quarter. Boston Partners now owns 1,416,130 shares of the scientific and technical instruments company's stock worth $210,799,000 after buying an additional 58,343 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Garmin by 34.0% in the 2nd quarter. Marshall Wace LLP now owns 1,098,443 shares of the scientific and technical instruments company's stock worth $178,958,000 after buying an additional 278,990 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Garmin by 20.2% during the 1st quarter. Captrust Financial Advisors now owns 839,537 shares of the scientific and technical instruments company's stock valued at $124,982,000 after buying an additional 141,001 shares in the last quarter. Hedge funds and other institutional investors own 73.41% of the company's stock.

Garmin Trading Up 0.2 %

Shares of GRMN stock traded up $0.37 on Friday, reaching $162.30. 757,486 shares of the company's stock were exchanged, compared to its average volume of 704,376. The company's fifty day simple moving average is $173.31 and its 200 day simple moving average is $166.17. Garmin Ltd. has a 52 week low of $99.61 and a 52 week high of $184.42. The stock has a market capitalization of $31.20 billion, a PE ratio of 22.70, a P/E/G ratio of 2.81 and a beta of 0.99.

Garmin (NYSE:GRMN - Get Free Report) last released its earnings results on Wednesday, July 31st. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.18. Garmin had a return on equity of 17.09% and a net margin of 24.36%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $1.45 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts predict that Garmin Ltd. will post 6.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Tigress Financial lifted their price target on Garmin from $210.00 to $215.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 19th. Barclays cut Garmin from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $181.00 to $133.00 in a report on Friday, September 13th. StockNews.com lowered Garmin from a "buy" rating to a "hold" rating in a report on Thursday, September 12th. Finally, Morgan Stanley downgraded Garmin from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $155.00 to $138.00 in a research report on Monday, October 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Garmin presently has an average rating of "Hold" and an average price target of $158.50.

Insider Buying and Selling at Garmin

In other news, insider Cheng-Wei Wang sold 10,055 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the transaction, the insider now owns 40,965 shares of the company's stock, valued at approximately $7,257,359.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Philip Straub sold 2,750 shares of the business's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $181.46, for a total value of $499,015.00. Following the completion of the transaction, the director now owns 88,622 shares of the company's stock, valued at $16,081,348.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cheng-Wei Wang sold 10,055 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $177.16, for a total value of $1,781,343.80. Following the sale, the insider now owns 40,965 shares of the company's stock, valued at approximately $7,257,359.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,892 shares of company stock valued at $2,296,174 in the last ninety days. Corporate 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.