Savant Capital LLC Trims Holdings in Garmin Ltd. $GRMN

Savant Capital LLC cut its holdings in Garmin Ltd. (NYSE:GRMN) by 81.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,965 shares of the scientific and technical instruments company’s stock after selling 17,281 shares during the quarter. Savant Capital LLC’s holdings in Garmin were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Garmin by 788.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 142 shares during the period. Torren Management LLC purchased a new stake in shares of Garmin in the 4th quarter worth about $41,000. GraniteShares Advisors LLC purchased a new stake in shares of Garmin in the 4th quarter worth about $41,000. Elyxium Wealth LLC purchased a new stake in shares of Garmin in the 4th quarter worth about $60,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Garmin in the 4th quarter worth about $81,000. 81.60% of the stock is owned by hedge funds and other institutional investors.

Garmin Stock Performance

Shares of GRMN stock opened at $240.84 on Wednesday. Garmin Ltd. has a one year low of $186.67 and a one year high of $273.32. The company’s 50-day moving average is $244.60 and its 200 day moving average is $224.15. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

GRMN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Tigress Financial upped their target price on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 20th. Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley set a $249.00 price objective on shares of Garmin in a research report on Thursday, April 30th. Finally, Barclays cut their price objective on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Garmin currently has an average 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.