Sei Investments Co. Has $75.13 Million Holdings in Garmin Ltd. $GRMN

Sei Investments Co. lessened its holdings in Garmin Ltd. (NYSE:GRMN) by 12.4% during the first quarter, HoldingsChannel.com reports. The fund owned 323,825 shares of the scientific and technical instruments company’s stock after selling 46,047 shares during the period. Sei Investments Co.’s holdings in Garmin were worth $75,131,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westmount Partners LLC increased its position in Garmin by 1.9% during the 1st quarter. Westmount Partners LLC now owns 2,205 shares of the scientific and technical instruments company’s stock worth $512,000 after purchasing an additional 42 shares in the last quarter. Caldwell Trust Co lifted its stake in Garmin by 4.4% in the 1st quarter. Caldwell Trust Co now owns 1,023 shares of the scientific and technical instruments company’s stock valued at $237,000 after purchasing an additional 43 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in Garmin by 6.9% in the first quarter. HHM Wealth Advisors LLC now owns 698 shares of the scientific and technical instruments company’s stock valued at $162,000 after buying an additional 45 shares in the last quarter. Fulton Bank N.A. boosted its position in Garmin by 2.9% in the first quarter. Fulton Bank N.A. now owns 1,672 shares of the scientific and technical instruments company’s stock valued at $388,000 after buying an additional 47 shares in the last quarter. Finally, S.A. Mason LLC grew its stake in shares of Garmin by 2.4% during the fourth quarter. S.A. Mason LLC now owns 2,150 shares of the scientific and technical instruments company’s stock worth $436,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Insider Buying and Selling at Garmin

In related news, CFO Douglas G. Boessen sold 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $237.91, for a total value of $475,820.00. Following the sale, the chief financial officer owned 26,049 shares of the company’s stock, valued at $6,197,317.59. The trade was a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $263.57, for a total value of $169,475.51. Following the completion of the sale, the director owned 21,277 shares of the company’s stock, valued at $5,607,978.89. The trade was a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 14.80% of the company’s stock.

Garmin Price Performance

GRMN opened at $242.82 on Friday. Garmin Ltd. has a fifty-two week low of $186.67 and a fifty-two week high of $273.32. The firm has a market capitalization of $46.83 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.84 and a beta of 0.90. The company’s 50 day moving average price is $238.82 and its two-hundred day moving average price is $234.76.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.24. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities research analysts predict that Garmin Ltd. will post 9.53 EPS for the current year.

Analyst Ratings Changes

GRMN has been the subject of several research analyst reports. Tigress Financial upped their price target on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 20th. Barclays cut their price objective on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. Wall Street Zen cut Garmin from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Morgan Stanley set a $249.00 target price on Garmin in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Garmin has a consensus rating of “Moderate Buy” and an average price target of $269.40.

About Garmin

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.