New Age Alpha Advisors LLC Sells 3,191 Shares of Garmin Ltd. $GRMN

New Age Alpha Advisors LLC lessened its stake in Garmin Ltd. (NYSE:GRMN) by 71.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,248 shares of the scientific and technical instruments company’s stock after selling 3,191 shares during the period. New Age Alpha Advisors LLC’s holdings in Garmin were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Garmin by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock valued at $4,973,044,000 after buying an additional 499,235 shares during the last quarter. State Street Corp grew its position in shares of Garmin by 1.8% in the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock valued at $1,785,304,000 after buying an additional 126,677 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Garmin by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,494,519 shares of the scientific and technical instruments company’s stock valued at $367,964,000 after purchasing an additional 16,622 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Garmin by 0.4% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company’s stock valued at $296,250,000 after purchasing an additional 5,213 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Garmin by 15.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,348,955 shares of the scientific and technical instruments company’s stock valued at $330,373,000 after purchasing an additional 182,548 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Performance

GRMN stock opened at $234.00 on Friday. The stock’s 50 day simple moving average is $244.55 and its 200 day simple moving average is $223.74. 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 $45.13 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GRMN shares. JPMorgan Chase & Co. upped their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Zacks Research lowered Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Barclays cut 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. Tigress Financial upped their target price on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley set a $249.00 target price on Garmin in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.