SYM FINANCIAL Corp Buys Shares of 1,161 Garmin Ltd. (NYSE:GRMN)

SYM FINANCIAL Corp acquired a new position in shares of Garmin Ltd. (NYSE:GRMN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,161 shares of the scientific and technical instruments company's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Algert Global LLC purchased a new position in Garmin during the 2nd quarter worth $508,000. Truist Financial Corp lifted its stake in Garmin by 2.2% in the second quarter. Truist Financial Corp now owns 6,743 shares of the scientific and technical instruments company's stock worth $1,099,000 after acquiring an additional 148 shares during the period. Sanctuary Advisors LLC purchased a new stake in Garmin in the second quarter worth about $1,424,000. Massmutual Trust Co. FSB ADV grew its holdings in Garmin by 27.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 741 shares of the scientific and technical instruments company's stock worth $130,000 after acquiring an additional 158 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Garmin by 7.0% in the 3rd quarter. Czech National Bank now owns 31,324 shares of the scientific and technical instruments company's stock worth $5,514,000 after purchasing an additional 2,043 shares during the period. Hedge funds and other institutional investors own 81.60% of the company's stock.

Garmin Trading Down 0.1 %

Shares of GRMN stock traded down $0.28 during trading hours on Monday, hitting $215.57. The company's stock had a trading volume of 1,008,598 shares, compared to its average volume of 694,395. The stock has a market cap of $41.39 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. Garmin Ltd. has a 12-month low of $119.31 and a 12-month high of $222.97. The company has a 50 day moving average of $212.61 and a 200 day moving average of $190.98.

Insider Activity at Garmin

In other news, Director Sean Biddlecombe sold 587 shares of Garmin stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $210.10, for a total transaction of $123,328.70. Following the completion of the transaction, the director now directly owns 6,147 shares of the company's stock, valued at $1,291,484.70. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas G. Boessen sold 1,761 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $207.99, for a total transaction of $366,270.39. Following the sale, the chief financial officer now directly owns 27,612 shares in the company, valued at $5,743,019.88. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GRMN shares. Barclays upped their target price on Garmin from $133.00 to $158.00 and gave the stock an "underweight" rating in a report on Friday, November 1st. Morgan Stanley cut Garmin from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $155.00 to $138.00 in a research report on Monday, October 7th. Finally, Tigress Financial lifted their target price on shares of Garmin from $215.00 to $265.00 and gave the stock a "strong-buy" rating in a research note on Monday, December 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $171.00.

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.