Garmin Ltd. (NYSE:GRMN) Shares Purchased by Country Club Bank

Country Club Bank lifted its stake in Garmin Ltd. (NYSE:GRMN) by 38.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,012 shares of the scientific and technical instruments company’s stock after purchasing an additional 562 shares during the quarter. Country Club Bank’s holdings in Garmin were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its stake in Garmin by 40.8% in the 3rd quarter. FMR LLC now owns 3,775,154 shares of the scientific and technical instruments company’s stock worth $664,540,000 after acquiring an additional 1,093,219 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of Garmin in the third quarter valued at about $53,252,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Garmin by 1,580.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 287,283 shares of the scientific and technical instruments company’s stock worth $50,570,000 after purchasing an additional 270,186 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Garmin by 123.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 486,281 shares of the scientific and technical instruments company’s stock worth $85,600,000 after purchasing an additional 268,996 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in Garmin in the third quarter valued at approximately $45,501,000. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Garmin Stock Up 0.2 %

Shares of GRMN opened at $218.71 on Thursday. The stock has a fifty day simple moving average of $212.74 and a two-hundred day simple moving average of $191.63. The company has a market capitalization of $42.00 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. Garmin Ltd. has a 52-week low of $120.06 and a 52-week high of $222.97.

Analyst Upgrades and Downgrades

GRMN has been the topic of a number of research reports. Tigress Financial increased their price objective 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. Barclays increased their price target on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Garmin currently has an average rating of “Hold” and a consensus price target of $171.00.

Insider Transactions at Garmin

In related news, CFO Douglas G. Boessen sold 1,761 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the transaction, the chief financial officer now owns 27,612 shares of the company’s stock, valued at approximately $5,743,019.88. This trade represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.