Garmin Ltd. $GRMN Holdings Boosted by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its holdings in Garmin Ltd. (NYSE:GRMN) by 370.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,259 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,653 shares during the period. Garmin comprises about 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 10th biggest position. Fox Run Management L.L.C.’s holdings in Garmin were worth $2,487,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Krilogy Financial LLC purchased a new position in shares of Garmin in the third quarter valued at about $1,519,000. ARK Investment Management LLC lifted its position in shares of Garmin by 10.9% in the third quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock valued at $7,122,000 after acquiring an additional 2,852 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Garmin in the fourth quarter valued at about $979,000. Diversified Trust Co. lifted its position in shares of Garmin by 123.1% in the fourth quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock valued at $1,673,000 after acquiring an additional 4,551 shares in the last quarter. Finally, DB Fitzpatrick & Co Inc purchased a new position in shares of Garmin in the fourth quarter valued at about $1,439,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Garmin Stock Performance

Shares of NYSE GRMN opened at $235.36 on Tuesday. The business’s 50 day moving average price is $244.61 and its 200-day moving average price is $225.75. Garmin Ltd. has a fifty-two week low of $186.67 and a fifty-two week high of $273.32. The company has a market cap of $45.39 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.79 and a beta of 0.91.

Garmin (NYSE:GRMN) last issued its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.24. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The firm 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 business posted $1.61 earnings per share. The company’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. Sell-side analysts predict that Garmin Ltd. will post 9.53 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen upgraded Garmin from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley set a $249.00 target price on Garmin in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Tigress Financial boosted their target price on Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Garmin has a consensus rating of “Moderate Buy” and an average target price of $269.40.

Garmin Profile

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.