Garmin Ltd. (NASDAQ:GRMN) insider Clifton A. Pemble sold 4,066 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $55.00, for a total transaction of $223,630.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Garmin Ltd. (NASDAQ:GRMN) opened at 55.20 on Wednesday. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 15.51 and a beta of 0.86. The company has a 50-day moving average of $53.01 and a 200 day moving average of $51.72. Garmin Ltd. has a one year low of $46.80 and a one year high of $55.74.

Garmin (NASDAQ:GRMN) last posted its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. Garmin had a net margin of 22.07% and a return on equity of 15.55%. The firm had revenue of $816.89 million for the quarter, compared to analyst estimates of $806.67 million. During the same period in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts anticipate that Garmin Ltd. will post $2.80 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/18/garmin-ltd-grmn-insider-clifton-a-pemble-sells-4066-shares.html.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Garmin from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of Garmin from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Longbow Research reiterated a “buy” rating on shares of Garmin in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Garmin in a research report on Tuesday, August 8th. Finally, Morgan Stanley set a $50.00 target price on shares of Garmin and gave the stock a “hold” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.80.

Several hedge funds and other institutional investors have recently modified their holdings of GRMN. BlackRock Inc. lifted its position in shares of Garmin by 4,403.5% in the 1st quarter. BlackRock Inc. now owns 10,889,195 shares of the scientific and technical instruments company’s stock worth $556,544,000 after purchasing an additional 10,647,400 shares during the period. Janus Henderson Group PLC lifted its position in shares of Garmin by 8,318.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,257,516 shares of the scientific and technical instruments company’s stock worth $64,171,000 after purchasing an additional 1,242,578 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Garmin by 117.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,228,687 shares of the scientific and technical instruments company’s stock worth $113,730,000 after purchasing an additional 1,205,778 shares during the period. Marshall Wace North America L.P. lifted its position in shares of Garmin by 3,623.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 732,199 shares of the scientific and technical instruments company’s stock worth $37,343,000 after purchasing an additional 712,537 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Garmin by 123.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,158,613 shares of the scientific and technical instruments company’s stock worth $59,123,000 after purchasing an additional 640,133 shares during the period. Hedge funds and other institutional investors own 39.59% of the company’s stock.

Garmin Company Profile

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

Receive News & Stock Ratings for Garmin Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garmin Ltd. and related stocks with our FREE daily email newsletter.