180 Wealth Advisors LLC Sells 561 Shares of Garmin Ltd. $GRMN

180 Wealth Advisors LLC trimmed its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 11.9% in the 2nd quarter, Holdings Channel reports. The firm owned 4,163 shares of the scientific and technical instruments company’s stock after selling 561 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Garmin were worth $869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GRMN. Vanguard Group Inc. raised its holdings in shares of Garmin by 2.0% in the first quarter. Vanguard Group Inc. now owns 18,425,166 shares of the scientific and technical instruments company’s stock valued at $4,000,656,000 after acquiring an additional 357,458 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Garmin by 9.0% in the first quarter. Invesco Ltd. now owns 1,862,153 shares of the scientific and technical instruments company’s stock valued at $404,329,000 after acquiring an additional 153,267 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Garmin by 79.3% in the first quarter. AQR Capital Management LLC now owns 1,585,170 shares of the scientific and technical instruments company’s stock valued at $340,574,000 after acquiring an additional 700,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Garmin by 21.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,210,827 shares of the scientific and technical instruments company’s stock valued at $262,907,000 after acquiring an additional 211,731 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Garmin by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 892,606 shares of the scientific and technical instruments company’s stock valued at $193,812,000 after acquiring an additional 2,768 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors.

Garmin Stock Up 0.0%

Shares of NYSE GRMN opened at $250.28 on Friday. The business’s 50 day moving average price is $242.57 and its 200 day moving average price is $219.78. The firm has a market cap of $48.18 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.74 and a beta of 0.98. Garmin Ltd. has a 52 week low of $161.97 and a 52 week high of $261.69.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.27. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. Garmin had a return on equity of 20.00% and a net margin of 23.21%.Garmin’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Garmin has set its FY 2025 guidance at 8.000-8.000 EPS. As a group, research analysts expect that Garmin Ltd. will post 7.8 earnings per share for the current year.

Insider Buying and Selling

In other Garmin news, insider Cheng-Wei Wang sold 10,202 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $232.48, for a total value of $2,371,760.96. Following the sale, the insider owned 36,092 shares in the company, valued at approximately $8,390,668.16. This represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 15.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Garmin from $186.00 to $193.00 and gave the company an “underweight” rating in a report on Friday, September 19th. Tigress Financial boosted their target price on shares of Garmin from $285.00 to $305.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 30th. Barclays reiterated an “underweight” rating and issued a $167.00 target price (up from $152.00) on shares of Garmin in a report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Garmin from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $228.75.

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.